I would feel more confident if the ADX (black line) is above 20 but in a falling state. In this case it looks as if it increasing...
My interpretation of Volume and Price:
Volume Share Price Interpretation
Decline Uptrend Bearish
Decline Downtrend Bullish
Increase Uptrend Bullish
Increase Downtred Bearish
What are your thoughts on GLBS ?...
Any constructive criticism is welcome. :-)
Thanks for looking at the chart I have analyzed.
I know the Elliot wave is just my future assumption - let's see what happens.
If you have recommendations or tips - please, let me know below at the comment section.
$GLBS Had an excellent technical day today. Breakout back over the cloud and major buying power into the close.
With financials dropping in the next few days there could be reason for this most reason push. The night before $TOPS financials dropped there was a major push the next day after Fins were released A/H's the stock saw a cumulative 150% move in two...