Price has reached TL resistance and I expect bears to come in and drive price back down.
1D: As you can see as price continues to make a new high, the indicator shows price making a flat; this may suggest bearish divergence.
1D: As you can see as price continues to make a new high, the indicator shows price making a flat; this may suggest bearish divergence.
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Price broke higher, the expectation is price is more likely to move 28k and beyond.
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will wait until price moves back into the triangle.
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(Journal) Candles approaching the zone were still in favour of the bulls, retracements approaching the zone were also weak showing the strong up trending environment. It didn't make sense for price to reverse.
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It was a long time coming. But Dow crashed.