Hi
@Yubbedup thanks for your vote of confidence. its a very tough market for bullish TA but see how we go
here we have your very typical breakout scenario in any time frame..
1 initial price and vol spike on news
2 a few bars which have gone too high too fast (outside of the upper Bollinger band),
3 retrace on light vol to the 9 period exponential moving average,
4 a move back up on vol through the 62% Fib of the light retrace.
Now if price makes it to step 4 your often on a good thing, but sometimes this can also be a CR pattern and price collapses back below the 62% Fib level...if your confident that its not a CR pump then your probably up and away till the 5 ema crosses down over the 13 ema (usually that's at least 1 bag away)..but as long as its above 62 Fib level keep buying at the 9 ema support. ..all imo of course.
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