It is looking like this will continue to play out:
And now we have a stronger chance at breaking our supports here:
In this chart, we are utilizing the EVWMA, Keltner's Channel, and a Squeeze Momentum Indicator.
The EVWMA is heading flat (first time since bottom) and is lining up perfectly with the bottom of the Keltner Channel (aqua circle). We can also see that on the Squeeze Momentum Indicator, we are currently coiling for a huge move (black crosses). If we break to downside, (which I believe we will dude to current price movements, strong resistances, declining volume, etc.) we are likely to have the strongest selloff we have seen since this uptrend began. This will most likely break our upward supports shown above in the 2H.
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And now we have a stronger chance at breaking our supports here:
In this chart, we are utilizing the EVWMA, Keltner's Channel, and a Squeeze Momentum Indicator.
The EVWMA is heading flat (first time since bottom) and is lining up perfectly with the bottom of the Keltner Channel (aqua circle). We can also see that on the Squeeze Momentum Indicator, we are currently coiling for a huge move (black crosses). If we break to downside, (which I believe we will dude to current price movements, strong resistances, declining volume, etc.) we are likely to have the strongest selloff we have seen since this uptrend began. This will most likely break our upward supports shown above in the 2H.
Please like and follow for more!