Today's breakout was strong and "unchallenged" - comes with a backdrop of strong demand (v.viewer) and bullish sentiment (green area in UTO)
it's a clear comparison versus the 2 prior breakout attempts (yellow circles) where both attempts received headwind from sellers (long wicks in both bars) which didn't happen this time. fingers crossed for the next 2 sessions :)
this is a good sign for long positions - and we can expect - after a positive confirmation that we need to see - a strong run to follow to the upside.
pls stay safe and good luck.
it's a clear comparison versus the 2 prior breakout attempts (yellow circles) where both attempts received headwind from sellers (long wicks in both bars) which didn't happen this time. fingers crossed for the next 2 sessions :)
this is a good sign for long positions - and we can expect - after a positive confirmation that we need to see - a strong run to follow to the upside.
pls stay safe and good luck.
