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1,266 Posts.
188
16/10/21
20:14
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FWIW,
A couple of things that I watched over the last couple of months.
Macro more than micro:
Price
Each increase was followed by a pull back of about 50%. Don't do fibs as I prefer to eyeball.
MACD
Lines increased reaching a new high with each rise.
More bullish than histogram which also increased.
Force index- predictably also increased with each rise.
Volume for the first four rises, marked by faint red ellipses, was pretty constant but the fifth indicated a rabid attempt to accumulate.
Presently, all indicators are rising. Laughably MACD-H has yet to turn green.
Where to?
UP
But this now depends on how close ML is.
If it's not this week they'll be playing with your head. If you let them.
Green price arrow is not a forecast as we are now effectively in uncharted territory.
If AVZ falls pre ML I'll buy more but not prepared to trade this now
We wait.
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