A bullish rectangle is forming at press time. Will we break the pink resistance line at >$11400? My short term goal is that we should see: $11700 should we break the trend line. Then we will see a slight correction down to T1 and/or T2.
Stochastic RSI on 60/120/240 seems to indicate that we might break the $11400 trend line to $11700, but it will be short-lived. We shall see.
Disclaimer
This post and ALL (before and after) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions belonging to peace-loving, Zen-like individuals. Any advice and opinions here should be taken with a grain of salt and should not be relied upon for any individual circumstances.
Stochastic RSI on 60/120/240 seems to indicate that we might break the $11400 trend line to $11700, but it will be short-lived. We shall see.
Disclaimer
This post and ALL (before and after) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions belonging to peace-loving, Zen-like individuals. Any advice and opinions here should be taken with a grain of salt and should not be relied upon for any individual circumstances.
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Bulls trying to knock down the 11,400 line. Volume is low though.
Bulls trying to knock down the 11,400 line. Volume is low though.
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So we did not manage to break out of the 11,400 trend for obvious reasons. Low volume and oversold RSI on 2/4 hour.
I have updated the wave count. I believe ending sub-wave 5 has ended. Ending sub-wave ABC has also ended.
If i am not wrong, we are onto wave 3 where we will test the 11,700 again.
So we did not manage to break out of the 11,400 trend for obvious reasons. Low volume and oversold RSI on 2/4 hour.
I have updated the wave count. I believe ending sub-wave 5 has ended. Ending sub-wave ABC has also ended.
If i am not wrong, we are onto wave 3 where we will test the 11,700 again.
This will be a better depiction.