Strong bullish momentum is trending price up into the sellers breach zone which should cause a price surge. At the moment its still looking like buyers have control, despite some seller retracement.
BUT this breach takes price into a strong sellers resistance zone so although buyer momentum MAY breach and take it us up there I expect price to return downwards after touching the green line.
Hence a sell could be on from that point also
BUT this breach takes price into a strong sellers resistance zone so although buyer momentum MAY breach and take it us up there I expect price to return downwards after touching the green line.
Hence a sell could be on from that point also
Comment:
Buyer breach is developing nicely
Comment:
If you haven't already caught this buy trade, buyers seem to be exhausting so be very careful now. It was a tricky one to enter but played out as anticipated.
Chances of a dip are far more likely from this point tho.
Chances of a dip are far more likely from this point tho.