Channel Formed … Rig the Sails for Stormy Weather ^^
Storms can be good, or bad - we'll see!
Factors to note: -
1. Following the Channel up presently
2. Bounced off the 50 EMA & 0.618 Fib - always good to see
3. Broke resistance @ 11800 / 11:00am (UTC+1) and now retesting
4. If it effects a full breakthrough next Resistance at 12400
5. On the Ichimoku, Candles have crossed BOTH the Tenkan (Blue) Conversion and Kijou (Red) Baselines. The Chicken (Chikou) Green is approaching the Tenkan / Kijou - if crosses that will be a positive Bull Market Indicator
6. On the DMI - ADX is still at 20+ (though narrowing) and the MFI / RSI are still both trending up
7. Fingers, legs and eyes crossed (but don't forget to pee ^^) (or grab that beer for that matter ^^)
(Please note this Analysis does NOT constitute advice and readers must undertake their own analysis/research before committing to any positions)
Storms can be good, or bad - we'll see!
Factors to note: -
1. Following the Channel up presently
2. Bounced off the 50 EMA & 0.618 Fib - always good to see
3. Broke resistance @ 11800 / 11:00am (UTC+1) and now retesting
4. If it effects a full breakthrough next Resistance at 12400
5. On the Ichimoku, Candles have crossed BOTH the Tenkan (Blue) Conversion and Kijou (Red) Baselines. The Chicken (Chikou) Green is approaching the Tenkan / Kijou - if crosses that will be a positive Bull Market Indicator
6. On the DMI - ADX is still at 20+ (though narrowing) and the MFI / RSI are still both trending up
7. Fingers, legs and eyes crossed (but don't forget to pee ^^) (or grab that beer for that matter ^^)
(Please note this Analysis does NOT constitute advice and readers must undertake their own analysis/research before committing to any positions)