Hourly chart IMO shows that we are about to start wave 5 of an impulse.
1. approaching the point of a small triangle consolidation.
2. RSI looks ready to jump with plenty of room on the hourly.
3 Major support line of this last up trend is at the point of the Triangle.
There are a lot of mixed signals in the market right now So I am watching closely for volume spikes to confirm any direction. especially at the end of the triangle and the uptrend support line.
I am a amateur trader just sharing ideas to help better educate myself, constructive criticism is always welcome. Only trade your Own T/A.
1. approaching the point of a small triangle consolidation.
2. RSI looks ready to jump with plenty of room on the hourly.
3 Major support line of this last up trend is at the point of the Triangle.
There are a lot of mixed signals in the market right now So I am watching closely for volume spikes to confirm any direction. especially at the end of the triangle and the uptrend support line.
I am a amateur trader just sharing ideas to help better educate myself, constructive criticism is always welcome. Only trade your Own T/A.