Chart for ChartGuys member NightCommando
Monthly and weekly uptrend. Anything over 6.38 is a weekly higher low and will maintain the weekly uptrend. Declining bear volume on weekly. I'd be watching the daily inside bar to see if it breaks bearish for continued weekly consolidation. Bulls would like to see the weekly 12ema hold and form a higher low compared to 6.38 and higher high over 9.17 to continue uptrend or higher low and lower high to form an equilibrium. After 9.17 next resistance is 10.73 from a weekly lower high on October 31 and then 11.89.
Need to be on watch for broader market weekly consolidation though.
Monthly and weekly uptrend. Anything over 6.38 is a weekly higher low and will maintain the weekly uptrend. Declining bear volume on weekly. I'd be watching the daily inside bar to see if it breaks bearish for continued weekly consolidation. Bulls would like to see the weekly 12ema hold and form a higher low compared to 6.38 and higher high over 9.17 to continue uptrend or higher low and lower high to form an equilibrium. After 9.17 next resistance is 10.73 from a weekly lower high on October 31 and then 11.89.
Need to be on watch for broader market weekly consolidation though.