Strong conformance to long-term Andrew's pitchfork. Lower screen indicators are not peaking, with the macd below zero; cci looks like its moving up towards 100; all signs of some bull movement.
Have a strongly confirmed trend-based fib extension, fib retracement, and fib arc.
Signs that this isn't longer-term bull market: (besides global news and markets) price is still below Andrews pitchfork median, the sma200 (which is closer to the upper mid-parallel, in blue), most of the ema's are still above the priceaction. Therefore this might change direction within the week.
Have a strongly confirmed trend-based fib extension, fib retracement, and fib arc.
Signs that this isn't longer-term bull market: (besides global news and markets) price is still below Andrews pitchfork median, the sma200 (which is closer to the upper mid-parallel, in blue), most of the ema's are still above the priceaction. Therefore this might change direction within the week.
Trade closed: stop reached:
Lame Duck