Break above previous high of the day means that buyers are nterested in higher prices.
Tight consolidation gives good risk/reward opportunity with high probability as markets hitting new historical highs.
8 rising EMA controls price. 8/21/50/100/200 rising EMA with higher lows and higher highs - that is definition of UP TREND.
Check out my idea in link below
Tight consolidation gives good risk/reward opportunity with high probability as markets hitting new historical highs.
8 rising EMA controls price. 8/21/50/100/200 rising EMA with higher lows and higher highs - that is definition of UP TREND.
Check out my idea in link below
