This is a follow up on a previous post on the ascending channel on the daily chart. Taking a few more steps back looking at the weekly chart there are few indicators that are flashing *ALERT*
In summary, this thing is primed and ready to blow. Get a plan together for yourself and trade wisely!
I am not a professional trader by any means. All comments are greatly appreciated. Let me know what you think below.
- Waddah Attar - The green candle has fallen below the Explosion Level (Yellow Line). Should the next candle stay below the Explosion Level this would be a conventional sell signal from this indicator.
- VPVR - Price action is teetering on this heavy volume support line. Should price action slip it could be a slippery slope to .34 or lower.
- MacD - Upward pressure is continuing to weaken
In summary, this thing is primed and ready to blow. Get a plan together for yourself and trade wisely!
I am not a professional trader by any means. All comments are greatly appreciated. Let me know what you think below.