Daily charts is showing this to have confirmed the formation of a new positive trend towards 12000 mark +TD sequential recently had a -9 so pointing towards the uptrend +price has been following this uptrend for a few days now +Bollinger bands are squeezing slightly leading to more of a decision for a price spike +OBV confirmation +Aroon up is holding at the bottom waiting to rise +ADX is showing this trend to be strong
-Stoch RSI was recently oversold and is moving down -RSI is at a high -AD has been in a steady decline for a while which would line up with the potential h&s pattern forming here
Daily target is ~10000 and maybe higher
Looking at the weekly chart there is some more confirmations for the bullish trend where the ADX is showing the start to a positive turn, aroon is low, as well as the stoch rsi sitting at oversold waiting to skyrocket
Longer term targets for this would be buying in after a correction to 3500 and a max sell target of 20000 -
Comment
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That was a crazy rally, not sure what triggered it but expect a hard correction soon
Trade closed: target reached
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Sold out my entire position now, this was an insane rally but I hit my target and things like this tend correct hard sometimes so I'm all out