I hate messy and overloaded charts, but this one seems too perfect.
First off, we have been in an ascending triangle since February.
SMA(50) and SMA(100) are meeting each other and price is also at the same place. We could see come institutional buying because of that. Price is also rebounding off of Ichimoku Cloud, another sign of confluence.
We still haven't seen an entry signal however.
L.F.
First off, we have been in an ascending triangle since February.
SMA(50) and SMA(100) are meeting each other and price is also at the same place. We could see come institutional buying because of that. Price is also rebounding off of Ichimoku Cloud, another sign of confluence.
We still haven't seen an entry signal however.
L.F.