NU overbought - Hitting high volume resistance, having a hard time pushing forward, and has minor divergence
Comment:
After looking at possible resistence more more in depth these are all the possible scenarios
Its a lot to take in and a lot to look at but I will post below what I believe are the most likely options here
After looking at possible resistence more more in depth these are all the possible scenarios
Its a lot to take in and a lot to look at but I will post below what I believe are the most likely options here
Comment:
Here are the more probable situations with the possibility of a pull back on each of the green arrows which I did not plot on the chart
Price could just push from where it is at here
IF a retracement does happen I may only retrace a small amount as the "support" zones are not clear
However I do not believe price will just tumble through support
A double top or bottom could be created here
Here are the more probable situations with the possibility of a pull back on each of the green arrows which I did not plot on the chart
Price could just push from where it is at here
IF a retracement does happen I may only retrace a small amount as the "support" zones are not clear
However I do not believe price will just tumble through support
A double top or bottom could be created here
Comment:
We formed up a double top as price bounce from zone to zone and broke at support
We formed up a double top as price bounce from zone to zone and broke at support
Here is a clearing picture of what a pullback could look like