Yesterday there was a bull flag that formed on the 1 hour chart that pointed to $11,750. Today everything is still moving along as expected. Price target remains right below that resistance cluster. It is difficult to say how long it will take to get there. I'm inclined to think that the price will range on low volume over the weekend and then hit $11,750 on Monday. Although it wouldn't surprise me if we get there this afternoon. The slower the better as far as I am concerned.
I am keeping my eye on a new trend support (blue dotted line) which could form a new bullish channel.
Happy trading and don't forget that following is free!
I am keeping my eye on a new trend support (blue dotted line) which could form a new bullish channel.
Happy trading and don't forget that following is free!
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/