Thats a nasty HNS (not shown) forming thatll break us out of the ascending wedge. Two negatives dont make a positive though.
I think it retests the accumulation zone (shown as green parallel). Either way, I dont think this is worth a hold right now. Bulls have gotten rejected by that supply (red parallels) line several times (about 4x on daily).
The only real positive i can find is the basis line seems to be holding on bollinger bands - not shown.
I think it retests the accumulation zone (shown as green parallel). Either way, I dont think this is worth a hold right now. Bulls have gotten rejected by that supply (red parallels) line several times (about 4x on daily).
The only real positive i can find is the basis line seems to be holding on bollinger bands - not shown.
