One month later price action still pretty similar.
20 days from break-up to resistance ( dashed line ), both in 2013 and 2018.
RSI 51,9 should hold in order to further corroborate similarity.
20 days from break-up to resistance ( dashed line ), both in 2013 and 2018.
RSI 51,9 should hold in order to further corroborate similarity.
Commento:
2013 vs 2018 post-breakout performance, side by side:
Commento:
Keep an eye on RSI / 1D, MACD / 4H support.
They should hold in order to ignite a rebound.
They should hold in order to ignite a rebound.
Commento:
Meanwhile, falling wedge.
Commento:
Very delicate area on MACD / 4H
Commento:
RSI 1D close to support as well.
Commento:
Do or die.
Commento:
Break-up of the wedge. Volume not so good.
Let's see whether it can paint a flag / pennant from here.
Let's see whether it can paint a flag / pennant from here.
Commento:
Flag.
Commento:
Break-up ( measured move up ).
Target 9400ish.
Target 9400ish.
