Hey Team,
After a successful break, I am expecting a test to around 52000.
Key things I am looking at
*Lack of volume coming in from supply
*Ability of price to hold in the 52000 range.
*Small accumulation structure to be built in the 52000 in the backing up action
Overall the structure looks great and very bullish
Notice the following
*When supply enters the market the pull bucks are very small and getting smaller - purple arrows.
*Break volume of previous resistance with little to no reversals
*The first directional bar with conviction comes at a resistance point.
I think with the trillion dollar US stimulus we are heading to higher levels.
After a successful break, I am expecting a test to around 52000.
Key things I am looking at
*Lack of volume coming in from supply
*Ability of price to hold in the 52000 range.
*Small accumulation structure to be built in the 52000 in the backing up action
Overall the structure looks great and very bullish
Notice the following
*When supply enters the market the pull bucks are very small and getting smaller - purple arrows.
*Break volume of previous resistance with little to no reversals
*The first directional bar with conviction comes at a resistance point.
I think with the trillion dollar US stimulus we are heading to higher levels.