SALT had an impulse leg which had a nice run-up. Consolidation followed, with another minor run-up.
We can expect to see further consolidation before another potential bull run.
Taking a look at the , we can see the run-up lead to SALT being overbought.
Running around the middle for more downward movement to being oversold.
The is well below the signal line. Resuming a run with a market.
is gradually going down, as not unusual with the state of the current market trend.
Stop Loss: 0.0002
Disclaimer: This is not financial advice, just personal speculation on the possible trend.
Our target has been reached.
Disclaimer: I accidentally deleted my chart layouts. Not exactly the same chart.