mercom - that is a support area near the 9/20 MA squeeze,
however it needs to push off there and break the downtrend line for
a trigger. your chart makes it look like that trendline is
more significant that it is in my opinion. For me I would
prefer more consolidation into a better pattern or traditional
pattern like a wedge, triangle, flag. I'm not in love with
the 60 min chart unless it finds support right from here
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OXy Bounce or either or???
Posted by mercom on 15th of Jun 2018 at 04:36 am
OXy Bounce or either or??? Input please
mercom - that is a
Posted by matt on 15th of Jun 2018 at 09:31 am
mercom - that is a support area near the 9/20 MA squeeze, however it needs to push off there and break the downtrend line for a trigger. your chart makes it look like that trendline is more significant that it is in my opinion. For me I would prefer more consolidation into a better pattern or traditional pattern like a wedge, triangle, flag. I'm not in love with the 60 min chart unless it finds support right from here