The long term symmetrical triangle I have been tracking is nearing decision time. The irregular buying spike today is still well within the long term trend lines but recent Fibonnaci may provide a level of support at 7690. Volume spiked but will need to remain high to break through Fib channels - if it breaks the top of the triangle thats a great sign of a bullish continuation of the long term trend prior to the last months.
Stoch is climing but not indicating overbought, likely due to the speed of the bump. Watching the next few hours and days with interest.
Stoch is climing but not indicating overbought, likely due to the speed of the bump. Watching the next few hours and days with interest.