In my previous thread I posted 3 PA scenarios and now price has progressed a bit we can see price is beginning to reveal as it plods up the lower trendline of the red contracting triangle.
It is now moving passed the blue upper median line of the descending pitchfork so an ABC zig zag descent is pretty much not going to happen.
However price is still within the green horizontal high volume band which it will need to significantly evident a move to the upside.
Also to add RSI is settling in the upper quadrant which would favour an upside move.
Not advice.
It is now moving passed the blue upper median line of the descending pitchfork so an ABC zig zag descent is pretty much not going to happen.
However price is still within the green horizontal high volume band which it will need to significantly evident a move to the upside.
Also to add RSI is settling in the upper quadrant which would favour an upside move.
Not advice.
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