We have a very clear triangle pattern, note that we are moving up on the last wave of the pattern. Please note that this pattern suggest that all waves are formed by tree waves, so please note that there should be a correction before going up. Also note that this is a bearish pattern, which means that once pattern finishes we should see the price fall.
Nice hammer, although I I see that correction is too steep yet compared to its impulsive wave from 78.14 to 87.10. I would like to see correction go a little side ways, up and down movements before going in. Maybe we're just seeing the end of a A wave. Note that a red hammer is not as bulling than a green one.
Todays candle went over a strong resistance zone, look back and notice who many times price tested this zone, now it just needs to close over to stay confident. Also Bollinger Bands are still expanding, also good indication to stay long. I still stay with target "at least" around 108 I posted on https://www.tradingview.com/v/tEpdWHEz
Volume spiked Excessively Last Friday, only that could have caused market to break the previous strong trend line stated on https://www.tradingview.com/v/MvWMLOBN. Now we have a Symmetrical broadening wedge formation. The outcome of this pattern is random, but we can’t lose site that it suggests high volatility due to high presence of bulls and beers trying to ...