Trading Alpha is showing a strong renewed daily bullish trend, with 6 candles in a row showing grey dots after the trigger arrow near the lows and the yellow squeeze shading.
As expected, price continues to struggle at the trading range EQ (equilibrium, center dashed line). This is the key resistance at the moment. Bulls want to see this broken and to see price trading in the top half of the range, which would potentially send price back to the highs.
For now, we are still chopping, but there are signs that things could improve. Eyes on the dashed line for now.
As expected, price continues to struggle at the trading range EQ (equilibrium, center dashed line). This is the key resistance at the moment. Bulls want to see this broken and to see price trading in the top half of the range, which would potentially send price back to the highs.
For now, we are still chopping, but there are signs that things could improve. Eyes on the dashed line for now.
scott.melker@texaswestcapital.com