Even though a few days ago we saw a TD Sequential 9 on the daily chart, we are now seeing a forming rising wedge that is hard to ignore. Given these completely contradictory signals it could be a reason why we are seeing a lack of confidence to trade.
Volume is at a yearly low and falling every 24 hour period and additionally week over week.
This will have to come to a head soon as we only have a few more trading periods left until the tip of this wedge is reached. I'm definitely avoiding taking any new or exiting any positions in the market as I'm well positioned to hold for a confirmation.
Volume is at a yearly low and falling every 24 hour period and additionally week over week.
This will have to come to a head soon as we only have a few more trading periods left until the tip of this wedge is reached. I'm definitely avoiding taking any new or exiting any positions in the market as I'm well positioned to hold for a confirmation.