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Looks like a confluence of 50-61.8% retracement + multiple high volume reactions off of the accumulation side of the BB channel.
There are some notably high demand spikes. Would expect this to continue to the upside.
If it continues through from here, will wait for retracement entries with the uptrend.
If it comes back down (preferably) will look for entries around support and/or fib 61.8% and see if the buyers are there.
Wouldn't short right into a fib (equal to shorting into support).
There are some notably high demand spikes. Would expect this to continue to the upside.
If it continues through from here, will wait for retracement entries with the uptrend.
If it comes back down (preferably) will look for entries around support and/or fib 61.8% and see if the buyers are there.
Wouldn't short right into a fib (equal to shorting into support).
Comment:
also note the RSI POS DIV at FIB. Shorting into that combination of factors would be ultra high risk.