MACD on 1D has gone green finally. We have broken most of the resistance lines and are stepping higher. It looks like two possible outcomes to me (barring crashing back down to lower support again, but if you reference my past charts, I'm not seeing it. 30M chart it looks awfully cuppish. Blue upper resistance should be broken if chart follows old patterns.
Disclaimer: I am not a professional, trade at your own risk. I am simply sharing my thoughts.
Disclaimer: I am not a professional, trade at your own risk. I am simply sharing my thoughts.
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I see I made a mistake on the upper resistance line now. I should have drawn it off the 4HR chart instead since the spot I chose on 30M ended up just being a wick. We need to see how the current 4H candle closes. If it is above the resistance we may be good. Currently it fell out of the channel it was in and is at the retest point more or less.
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MACD Cross on 1D
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Breakout of upper resistance on 4H chart. Expect a potential pullback and retest for support but looks like heading to 40k retest.
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Moved the location of potential handle. If retest of former resistance takes place and it holds as support.
