Yesterday we showed a gap below cloud resistance and above horizontal support.
Today's little rally has pushed prices into the cloud area and against the downwards trendline formed by recent highs.
Technically we can expect a pull back as the market continues to find confidence to break through that trendline.
We don't expect traders or bots (including SparksterSignals algorithms) to start firing lots of BUY signals just yet — but fully backtested data can become more reliable than human interpretation, so check out the link below for details.
Team Sparkster expects yet more narrow range consolidation in the coming few days and a possible breakout around mid-October.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Today's little rally has pushed prices into the cloud area and against the downwards trendline formed by recent highs.
Technically we can expect a pull back as the market continues to find confidence to break through that trendline.
We don't expect traders or bots (including SparksterSignals algorithms) to start firing lots of BUY signals just yet — but fully backtested data can become more reliable than human interpretation, so check out the link below for details.
Team Sparkster expects yet more narrow range consolidation in the coming few days and a possible breakout around mid-October.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
