recap of yesterday. The dominate pattern of the day was a measured move up (please feel free to disagree). Two other patterns formed in the 5 minute charts. 1st was a wedge formation that completed with an upward breakout. 2nd was megaphone formation or otherwise known as a brooding top.
We will have to wait for the break out, but my guess for tomorrow is down. We saw a MACD cross on the 1 hour time frame and I expect a lot of geopolitics news for the markets to digest in the coming days.
We will have to wait for the break out, but my guess for tomorrow is down. We saw a MACD cross on the 1 hour time frame and I expect a lot of geopolitics news for the markets to digest in the coming days.