Continuing on from my previous posting, we have held this bull flag formation quite well and we have bounced off the 26ema in blue.
The Stoch RSI looks like its winding up for another upward move,
But the longer we hold this position without upward continuation here the more bearish it is.
I have made a measured move from the bull flag which measures out to around 3900 level.
I am cautiously optimistic that we will see upward continuation to the 3900 level neckline.
The Stoch RSI looks like its winding up for another upward move,
But the longer we hold this position without upward continuation here the more bearish it is.
I have made a measured move from the bull flag which measures out to around 3900 level.
I am cautiously optimistic that we will see upward continuation to the 3900 level neckline.