One of the challenges many traders face is buying into the idea that something has moved too far for them to get on board. Often viewed as 'overbought' or 'oversold.' I don't buy that idea. Oscillators are nothing more than a derivative of price and offer no insight.
Rather, when a market moves out of an area of congestion and takes out key levels, it provides far more upside than we would normally expect. Case in point here.
At a minimum, 33.26 (RED) is the minimum upside objective, with 36.70+ (PURPLE) not out of the question.
Rather, when a market moves out of an area of congestion and takes out key levels, it provides far more upside than we would normally expect. Case in point here.
At a minimum, 33.26 (RED) is the minimum upside objective, with 36.70+ (PURPLE) not out of the question.