Analysis done on the daily timeframe. A clear, steep uptrend is very much visible and I expect price to come down to it and do one of two things: either break it, in which case my long-bias will be invalidated, or respect the trendline and bounce up.
I want to see price break out of the top pink zone for confirmation that price is ready to head upwards.
There are some fundamentals this week that may impact this setup such as retail sales, building permits, fed statements, jobless claims, etc. so i'll be sure to keep a careful eye out to see how the market reacts to them.
Updates to follow, follow me to see them.
I want to see price break out of the top pink zone for confirmation that price is ready to head upwards.
There are some fundamentals this week that may impact this setup such as retail sales, building permits, fed statements, jobless claims, etc. so i'll be sure to keep a careful eye out to see how the market reacts to them.
Updates to follow, follow me to see them.
