Chart thread, page-13

@shovel40 Been busy so hope you don't mind a late reply. In summary, don't have too much to add. It's a been a very strong trend. Yes it's had healthy pullbacks along the way but without any significant retraces, unsure how much longer it can go so i'd keep that in mind in terms of risk:reward.


Daily chart - Yesterday's breakout created new support at 58. The bullish candle in hindsight would have set up a great start to the day this morning. It did but also bumped into some supply. its not clear whether the bulls are dormant (i.e absorbtion) or exhausted so next two daily candles will provide more cues (see 15 min chart below for what we have within today's candle).



15 minute chart - if you are interested what might happen next day or two - Bearish DCC pattern on volume; but yet to be confirmed as no downside volume yet. A trader will be cautious here and will watch to see what happens within that orange box next and pay attention where the direction of the next high volume bar leads.