Normal
So reality upset my chart expectation and CDA closed with a full white candle today; simultaneously breaking 5.75 level resistance, setting a 6 month high and filling the gap made back then (Oct)The break of 5.25 support a month ago roughly conforms to a 'spring' pattern where following an uptrend the price breaks down from a sideways consolidation but rapidly reverses to re-enter to the range. Supposed to be a bullish set-up for a trader. Chart looks positive now but I have lower confidence due to sparse volume being reflected by the poor momentum indicators. I'll pick upwards as the more likely path but I'm not adding.Held[URL unfurl="true"]https://www.thechartist.com.au/pattern-recognition-springs/[/URL]Daily[ATTACH=full]155640[/ATTACH]
So reality upset my chart expectation and CDA closed with a full white candle today; simultaneously breaking 5.75 level resistance, setting a 6 month high and filling the gap made back then (Oct)
The break of 5.25 support a month ago roughly conforms to a 'spring' pattern where following an uptrend the price breaks down from a sideways consolidation but rapidly reverses to re-enter to the range. Supposed to be a bullish set-up for a trader. Chart looks positive now but I have lower confidence due to sparse volume being reflected by the poor momentum indicators. I'll pick upwards as the more likely path but I'm not adding.
Held
[URL unfurl="true"]https://www.thechartist.com.au/pattern-recognition-springs/[/URL]
Daily
[ATTACH=full]155640[/ATTACH]
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