Hello everyone,
Horizontal top with an upsloping bottom on
RIG
. Breakout is upward.
If the price is breaking the horizontal top, price will continue to go up.
If it is not breaking up, then we are at the resistance and you should not buy.
Using Ichimoku we can see that Lagging Span is above the price plus the the current price is above the cloud and the future cloud is green.
Base line is also upward and the the Conversion line just crossed the Base line.
However if the price break the horizontal top, we must be careful about a potential premature breakout.
Happy trading,
Horizontal top with an upsloping bottom on
RIG
. Breakout is upward. If the price is breaking the horizontal top, price will continue to go up.
If it is not breaking up, then we are at the resistance and you should not buy.
Using Ichimoku we can see that Lagging Span is above the price plus the the current price is above the cloud and the future cloud is green.
Base line is also upward and the the Conversion line just crossed the Base line.
However if the price break the horizontal top, we must be careful about a potential premature breakout.
Happy trading,