momentum structures give insight in parabolic moves.
Here we see todays move put us at just only the first major level. Daily momentum broke out from the long downtrend on Oct 25.
My point is that this new move could just be getting started, if no rejection happens.
Here we see todays move put us at just only the first major level. Daily momentum broke out from the long downtrend on Oct 25.
My point is that this new move could just be getting started, if no rejection happens.