Happy start to the week. In the end, there was that push above 4,069, which drove the price up to a high of 4,127. Now, I need a signal indicating that the price is set to climb even further.
Happy start to the week. In the end, there was that push above 4,069, which drove the price up to a high of 4,127. Now, I need a signal indicating that the price is set to climb even further.
@epictrades1 I completely agree, but it’s also a good time to start building new positions in stocks linked to the AI boom, while keeping risk as low as possible.
On the 4-hour (4H) chart, there hasn’t been a first, genuine rejection to the upside.
And that is precisely what we are looking for.
This is a move designed to induce people to sell.
Put it this way: the first rejection serves to establish a base, while the second serves to confirm it. We are also forming a higher low (HL) right now. Let’s see what happens.
On the 4-hour (4H) chart, there hasn’t been a first, genuine rejection to the upside.
And that is precisely what we are looking for.
This is a move designed to induce people to sell.