A volume diversion bar has formed on the daily chart. Fractal is above the 13ema and price has pushed into the high/low 5ema channel without crossing the high. Price is above the 200ema and RSI above 50, which tells us this is an up-trending market. The first target is 1.27 Fibonacci or a volume diversion bar to the downside. A stop will be placed below the prior daily candle 13-01-2021. Enter on today's candle 14-01-2021. Good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.