Let's see if this fractal has any merit. At that first marked area it consolidated for 12 days before breaking up through resistance.
Two things can happen here:
1. The SIBOS conference is happening next week (23-26th September). Either real news from the conference pushes price up decisively, or....
2. Nothing comes out and price breaks down through the 300 EMA to the long uptrend line.
Either way, volume profile should provide early clues.
Two things can happen here:
1. The SIBOS conference is happening next week (23-26th September). Either real news from the conference pushes price up decisively, or....
2. Nothing comes out and price breaks down through the 300 EMA to the long uptrend line.
Either way, volume profile should provide early clues.
Kommentera:
An Idea, Nothing more.
