The Storm is here! Welcome to my update on STORM. Let’s get into it! As you can see we have had a break out of the uptrend channel quicker than expected. Looking at the MACD we have momentum to support this, further supported by a surge in accumulation. We have tested the top of the down trend channel as support and although we have made a lower high and a lower low, the 30 minute chart is showing a bullish engulfing candle emerging. We are also trading well above the 12 EMA which is a good sign. There is not much resistance above us until we hit the 38.% Fib level at which point I would expect a natural retracement (possibly to test the new smaller uptrend channel) due to the relative ferocity of this surge. Trade safe! Cheers
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.