[UVXY] Heiken Ashi Signaling Upward Breakout.. Candles Disagree!
Looks like we're on the fence between normal candles and Heiken Ashi.
As we did get our close above the yellow uptrend, could be a decent entry point. We also got wide BUY entry window, LL, SB and LB, all pretty bullish here as additional signals.
Will keep an eye tomorrow for a good possible entry. Would like to see Price hang above the uptrend a bit, maybe even put a little distance and get an additional confirm from the normal candles too.
If that happens, we're likely in store for a small spike end of this week or next week. Liquidity will limit any upside, hence the small TPs (gold lines).
As we did get our close above the yellow uptrend, could be a decent entry point. We also got wide BUY entry window, LL, SB and LB, all pretty bullish here as additional signals.
Will keep an eye tomorrow for a good possible entry. Would like to see Price hang above the uptrend a bit, maybe even put a little distance and get an additional confirm from the normal candles too.
If that happens, we're likely in store for a small spike end of this week or next week. Liquidity will limit any upside, hence the small TPs (gold lines).
Comment:
Also note Price almost perfectly scaled from bottom to top of my local support channel, nice confirm for those S/R points.
Data analyst with a passion for best fit lines B)
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