It's certainly the right set-up W3, but the execution hasn't impressed. Closed over the 8 and the median line in one day but the big wick showed weakness. Therefore today's candle is no surprise. To me they want to power over the median line and set up to attack the upper bollie over 2-3 sessions. Then you are looking for the retest back to either the 8 or median. From there we want to see the SP in the channel of the 8 and upper bollie. (perfect world stuff). I'm also a fan of how aggressively MACD crosses and this one has been a little docile.
Let's see what happens over the next 2 sessions especially to see if the 8 (in your case the 9) crosses the median. Also want to see the upper bollie wicking upwards.
