Sat 8 May 21
XJO - neutral with a bullish build (elements*), but the consolidation is still to play out.
Watch for large daily volume candles at the floor and ceiling of this consolidation box over the coming 2 weeks.
* A Wyckoff spring (moderate volume), early ema support, and low volume selling at the top of the consolidation box. However, don't take this as conformation, there is clearly more to play out to determine the direction for the medium term
Stop the analysis by amateurs. Bring back the Jako
XCL
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Sat 8 May 21XJO - neutral with a bullish build (elements*), but...
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