Last week I provided a less likely breakout up scenario--this is what occurred.
My personal emotional feeling is absolutely disbelief -- cue the various emotional cycle charts. The speed of the advance (after relatively vicious decline)...
The fact is, this is a rally with at least some staying power. If there is a significant retracement in the rally from the nearby resistances, we should at least expect a push to the large resistance. It the rally shoots relatively quickly to the big resistance, I would expect a significant retracement, but potentially thereafter new ATH.
The trend is up at the moment, carefully-selected long opportunities are more attractive. Shorts are dangerous in a market such as this except at strong resistance.
My personal emotional feeling is absolutely disbelief -- cue the various emotional cycle charts. The speed of the advance (after relatively vicious decline)...
The fact is, this is a rally with at least some staying power. If there is a significant retracement in the rally from the nearby resistances, we should at least expect a push to the large resistance. It the rally shoots relatively quickly to the big resistance, I would expect a significant retracement, but potentially thereafter new ATH.
The trend is up at the moment, carefully-selected long opportunities are more attractive. Shorts are dangerous in a market such as this except at strong resistance.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.