One month later price action still pretty similar.
20 days from break-up to resistance ( dashed line ), both in 2013 and 2018.
RSI 51,9 should hold in order to further corroborate similarity.
20 days from break-up to resistance ( dashed line ), both in 2013 and 2018.
RSI 51,9 should hold in order to further corroborate similarity.
Comment:
2013 vs 2018 post-breakout performance, side by side:
Comment:
Keep an eye on RSI / 1D, MACD / 4H support.
They should hold in order to ignite a rebound.
They should hold in order to ignite a rebound.
Comment:
Meanwhile, falling wedge.
Comment:
Very delicate area on MACD / 4H
Comment:
RSI 1D close to support as well.
Comment:
Do or die.
Comment:
Break-up of the wedge. Volume not so good.
Let's see whether it can paint a flag / pennant from here.
Let's see whether it can paint a flag / pennant from here.
Comment:
Flag.
Comment:
Break-up ( measured move up ).
Target 9400ish.
Target 9400ish.
