Just thought we would benefit from having a separate thread for charting.
What are your thoughts on today's movement?
@tradesurfer
@Dr.Seuss
@marty386
Chartists
& all others
Looking good so far imo.
The initial push was to some extent ambiguous, as we tried to work out whether there was much overhead supply left and whether any buying demand was left in the bank for the day. Progressed well as we found some nice support at 1.2/1.3 and volume dropped off as a potential buy signal. All we needed was the volume in the upward direction at that stage
Then boom.. That breakout was a beauty, powerful line wipes on massive volume orders/bids and giving resistance very little room to breathe.
Potential weakness is that there may still be some offscreen supply on each leg which may be willing to drop into buying depths if buying demand is absent but that has not been a major problem so far imo given the buying support is evident and in bigger proportions. Waiting for the response from the next few candles to revise my sentiment but it does look like a buy for now
30minute Intraday chart:
Cheers
