Price is currently in a weekly inside bar, getting tighter and tighter. I think we ran out of buyers, and the fomo crew is bagholding.
A flush may be be necessary before continuation up. Capitulation, bottom (I'll be a buyer), and then uptrend continuation.
There is also this larger pennant:
A flush may be be necessary before continuation up. Capitulation, bottom (I'll be a buyer), and then uptrend continuation.
There is also this larger pennant:
Trade active:
At the top of the range.
Comment:
Talking about the SEK, I wish I shorted that...
Trade closed: stop reached:
I hope I did not get stopped at the top.
Not like it would be anything new.
Not like it would be anything new.
We are all waiting for a big fund to just get courageous and decide if they want to buy or sell.
This does not invalidate the trade. The price messing around after a false break in the wrong direction before going the other way is common.
Here is an example: