BAND BLUE SKY BREAOUT - MOMENTUM SETUP ON 2H CHART
Price recently broke out of a 4-week consolidation pattern above the 20-Day EMA.
Prior rally showed momentum with ADX>50 on the daily chart
MACD crossing up indicating the beginning of a price rally
Price above consolidated with very little volatility above the Marubozu breakout candle with substantial volume indicating potential support of the level
ADX/DMI accelerating
Prior rally showed momentum with ADX>50 on the daily chart
MACD crossing up indicating the beginning of a price rally
Price above consolidated with very little volatility above the Marubozu breakout candle with substantial volume indicating potential support of the level
ADX/DMI accelerating