Following yesterday's yearly resistance, and pivots, we are looking to start taking a weaker bullish continuation. We opened above yearly res and continue to move forward with strong momentum. No Divergence to be seen either. I would not count on this bullish continuation 100% as we have had some pretty minor pullbacks following the recent head and shoulders and could still potentially retest the neckline. May be an optimal long position for macro/day traders.
Comment:
Body of candle has gone back under yearly res. but still 2hrs until market close. With any luck we will have confirmation by market close.