Looks like Team CME was happy with the price action and let the price move away from the gap.
Intensity of the reaction is quite good sign.
Now we need to check volume and RSI to grasp at what's next.
Intensity of the reaction is quite good sign.
Now we need to check volume and RSI to grasp at what's next.
Comment:
Volume is decreasing...
... and RSI making lower highs.
Comment:
Looks like old weekly range has been reclaimed.
Too early to say where we'll go from there but it's already a good sign.
Too early to say where we'll go from there but it's already a good sign.
Comment:
Upper limit of the weekly range touched.
Expecting some consolidation around here, but not sure where we'll go after.
Expecting some consolidation around here, but not sure where we'll go after.