We are now trading in a descending channel , inside an ascending channel , inside a long term bearish descending channel .
Levels to watch are labelled.
Levels to watch are labelled.
Comment:
we are reaching the apex of two lower degree channels.
Comment:
Bulls & bears fighting at the apex. Bulls need substantially more volume.
Bulls & bears fighting at the apex. Bulls need substantially more volume.
Comment:
We just closed a green hourly candle at the absolute apex of the two smaller channels.
The volume is rather pathetic; it is the bulls who have a point to prove, a spike in volume must come in for it to be a sustainable rally.
The volume is rather pathetic; it is the bulls who have a point to prove, a spike in volume must come in for it to be a sustainable rally.
