PA has been trying to get over that bold trendline since Feb 2024.
It is the same line that PA used back in 2021, to bounce up to the Cycle ATH in Nov 2021.
And we have begun th e week just on Top of it, as we can see in the Zoomed in version of the chart below.
https://www.tradingview.com/x/O6ijCXUq/
This week is a Big one in many ways.
We also have the Month close today and currently, we have a Big Green candle for that .
If we close with that, historically, it points towards an unsettled summer or a Big push en-route.
More on that tomorrow.
The weekly MACD still has room to climb but I still think we are to see a repeat of where that arrow points.
Th weekly RSI is also in Mid ground and can move in either direction
One thing that has really caught my eye however, is the Volume Delta
https://www.tradingview.com/x/JNt1wig8/
See how this is reducing - Could this be the Calm before the Storm ?
And that storm could be Bullish or Bearish. We do have a number of lines of resistance overhead that could prove difficult.
So, hang in there.
My personal opinion is that we are going to see apull back in the near future,,,,,and if we close the month green today, that WILL be next week
It is the same line that PA used back in 2021, to bounce up to the Cycle ATH in Nov 2021.
And we have begun th e week just on Top of it, as we can see in the Zoomed in version of the chart below.
https://www.tradingview.com/x/O6ijCXUq/
This week is a Big one in many ways.
We also have the Month close today and currently, we have a Big Green candle for that .
If we close with that, historically, it points towards an unsettled summer or a Big push en-route.
More on that tomorrow.
The weekly MACD still has room to climb but I still think we are to see a repeat of where that arrow points.
Th weekly RSI is also in Mid ground and can move in either direction
One thing that has really caught my eye however, is the Volume Delta
https://www.tradingview.com/x/JNt1wig8/
See how this is reducing - Could this be the Calm before the Storm ?
And that storm could be Bullish or Bearish. We do have a number of lines of resistance overhead that could prove difficult.
So, hang in there.
My personal opinion is that we are going to see apull back in the near future,,,,,and if we close the month green today, that WILL be next week
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.