Here's what I see happening at the end of this massive bullish pennant (in no particular order):
1) 75 & 100 day moving averages about to cross
2) touching support - held yet again
3) touching sekou span A - usually a good sign a trend reversal is about to happen
4) Stochastic indicator showing oversold condition with imminent crossover
5) touching edge of bollinger bands
I don't see any indication we'll breakout through support.
Thoughts?
1) 75 & 100 day moving averages about to cross
2) touching support - held yet again
3) touching sekou span A - usually a good sign a trend reversal is about to happen
4) Stochastic indicator showing oversold condition with imminent crossover
5) touching edge of bollinger bands
I don't see any indication we'll breakout through support.
Thoughts?
Note
overview of what's going on hereNote
moving right along...
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Disclaimer
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.