The have squeezed and are starting to part which means is coming back and we have a candle starting.
10 period moving average has crossed over the 20 period
is over 50 and trending up
line is trending up
This pattern repeats on smaller time framed.
blue line is parting from the red, could show the trend starting to reverse.
We are at the top of the current showing resisitance
We are seeing resistance at the 50 period moving average on the daily.
Overall i believe we will continue on a here and may have a band riding scenario. May see a short retracement since where at the top band, bounce off the 10 period (red) moving average an continue forward. IF this is a classic breakout and spikes up, possible gains.
I think im going to take a position here look to buy in.