Journal Entry: I have drawn a rising wedge and various lines of supply, demand, support, and resistance. I am targeting price to move lower to at least the first Fibonacci line. I am noting the bullish wave was created on declining overall volume and the bearish pressure is building on increasing relative volume. That's all the time I have tonight folks. Thank You, God Bless.
Comment:
It looks like price made a low this morning and is now trading higher for the afternoon. This may be a good sign of a continuation bullish however it still has more resistance to break through.
Comment:
The day is not over but I am definitely saying the bearish news covering Black Friday is getting steam rolled and this baby is going higher. Perhaps a cover story released by the insiders to throw off the scent of their bullish trail. I am noting this is being done on below average volume so far.