Where wil the price go?
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Tension keeps on building up. Third and fourth last candles together make a bearish signal that hasn’t accomplish, followed by a doji and another one about to be completed. Uncertainty is the only thing I can think about. Volume is relatively high meaning that sellers are ready for the appropriate signal. Up or down? when? No one knows. I’d rather knowing where I’ll die than when, so I wouldn't show up; the truth is that I’ll never know. Something similar is going on here: keeping alert for the signal is the only way.
Nota
This latest bar has closed above my signal, but low volume. I think is better to wait. So much indecision pictured.Nota
In this second arc channel price could drop to find support at the lower line of the square, or maybe lower on to the 2/1 angle. We'll see, it seams to be sky rocketing but I'm expecting a strong correction sooner or later.
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