Pretty simple dynamic here in all probability this is a Squeeze

29 thg 12, 2024

As the symmetrical triangle indicates, this is quite close to the lift-off of newer proportions, a key area to highlight, and this ping-pong shows 100 crossing over the 200, getting closer each day. Still, I don't think we're quite there yet, as some indicators have stated that we could sit anywhere in the 340s, simply ready to pull the trigger with so many setups creating many opportunities to go long.

1 thg 1

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A few things: 1. The head & shoulders pattern is very significant, oscillators are still bearish or neutral, and the moving average crossover could take some time; support sits in the mid-320 range, bearish at least until then.