Just a very basic and yet a little early to try to forecast what to expect in the next 11 days if the good volume and young trend keep up. Colors are odds.
in this long trend analysis you can see this strong and safe support, whenever broken, was followed by a decent increase of price, it just started and the variation was +1% in less then 10mins. Possible greater spike and possible all time high in mid-range.
More from Vdubus legend origin - all praise to him - but with another couple of tweaks. S/R length has been shortened by 25% and an EMA15 has been added if you like getting down with EMA15. My work is nothing in comparison to Vdubus. I hope this little adaptation both respects and honours his work. Check the original for the full force (Vdubus Rejection Spike...
In this chart I used US 30 Year Treasuries weekly chart to explain how price and indicator analysis work. I cover the basis of divergences, pullbacks, throwbacks, and exhaustion spikes. Pullbacks (red) are seen when price and indicators such as RSI have diverged for a great length (wide divergence) or when you have weak divergence top comparing price and RSI....