Morning Traders,
Gray rectangle keep price within large green candle.
If price will breakup then candle should close above that rectangle, if price break down then again candle should close bellow that.
Price reach upper line of channel. We should watch what will price do.
Two black candles close above 50% of long candle then price may go even higher.
At this point it will wise to get down in time frame, perhaps H1 or M15 to be ready for another price explosion.
Momentum remain means price did not give up to come down.We will see strong up trend.
Cheers,
Jim
Gray rectangle keep price within large green candle.
If price will breakup then candle should close above that rectangle, if price break down then again candle should close bellow that.
Price reach upper line of channel. We should watch what will price do.
Two black candles close above 50% of long candle then price may go even higher.
At this point it will wise to get down in time frame, perhaps H1 or M15 to be ready for another price explosion.
Momentum remain means price did not give up to come down.We will see strong up trend.
Cheers,
Jim