From a technical review of the weekly time frame, we anticipate a strong rally pending upcoming fundamental announcements.
Major announcements beginning 05/24 and 05/26, with more to follow next week. Anticipating a stable week opening and increased volatility near the week's close. Friday may determine overall direction for the next 3-6 weeks, Consolidation followed by breakout probable.
There is always the possibility that the market may test the D extension and/or my correctness of the D placement.
No confirmation of the daily time frame is evident to me at this time, still inside the uptrend channel inside the larger downtrend channel . Indecisive doji candle may appear after Sunday's close, strictly my anticipation of course.
Monitor smaller time frames for intraday trade opportunities entry or exit
* My strategies are not intended as advice, merely educational. our account size, goals, risk,reward and trading styles are unlikely the same.*
Currently neutral yet eager to engage the Long idea
Good Luck to all. Have a great week
Major announcements beginning 05/24 and 05/26, with more to follow next week. Anticipating a stable week opening and increased volatility near the week's close. Friday may determine overall direction for the next 3-6 weeks, Consolidation followed by breakout probable.
There is always the possibility that the market may test the D extension and/or my correctness of the D placement.
No confirmation of the daily time frame is evident to me at this time, still inside the uptrend channel inside the larger downtrend channel . Indecisive doji candle may appear after Sunday's close, strictly my anticipation of course.
Monitor smaller time frames for intraday trade opportunities entry or exit
* My strategies are not intended as advice, merely educational. our account size, goals, risk,reward and trading styles are unlikely the same.*
Currently neutral yet eager to engage the Long idea
Good Luck to all. Have a great week
Comment:
Closing in on our long term target.
Comment:
Price broke twelve month resistance level. Long idea continuation