Different kind of breakout forming here. Upside downside who knows. But , we've put in some lower highs , lower lows and can see an no clear decision in the market. Wait for a volume spike marking a breakout above
or below the trend. then just drill down LT and set your stop. and wait. you can also set alerts in both directions of the trend lines. good luck
or below the trend. then just drill down LT and set your stop. and wait. you can also set alerts in both directions of the trend lines. good luck
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Addon, wicks to me are just noise. many see this differently but not really that relevant.
Comment:
Someone just asked if it's down or if it will pump. Well , considering stages of market cycles it actually did pump quite a bit since my initial entry. This feed was to illustrate that either is possible now. A closing candle below the trend can be a signal short , closing above the trend is certainly strong signal for long ... both on increased volume. Somebody needs to step up , buyers or seller. Only things required is patience really.
TB