-we're over extended from the original price target from the previous ascending triangle breakout
-we're forming a doji on the hourly candle
-there's been a crazy amount of violent swings
-9 on the TD indicator is also a loss of momentum
Not sure what the price target will be just yet, but this looks like a good take profit situation
-we're forming a doji on the hourly candle
-there's been a crazy amount of violent swings
-9 on the TD indicator is also a loss of momentum
Not sure what the price target will be just yet, but this looks like a good take profit situation
Comment:
4 hr chart has formed a huge doji to match the 1 hour chart, reinforcing this initial idea. Will continue to reevaluate over the next couple of hours