We've been having problems with this 653.00 - 656.00 area. We've had two rejections off of the 4HR Kumo so far but I'm anticipating a breakout. BB indicators seem to be hinting towards this thing turning bullish, my MA's crossed and the Daily is still in an uptrend imo. MACD looks like shit but I've got enough to increase my #bag-holder position @ the VWAP.
Trade closed manually:
This is why you should buy @ (or below) VWAP when anticipating a breakout. Trade didn't go as planned, got out @ break-even. Too much turbulence in the 4HR Kumo and MACD continued to show no momentum-- flat-lining just below 0.
