Disliked{quote} Socialbased, We are in an uptrend and then into a consolidation area. There are 2 tests of the consolly high, the last is a pin bar and might be forewarning of a reversal. The close of the last bar is below the pac however not below the consolly area. The breakout of a consolidation area is on the close of a bar. The second to last bar shows good momentum on TDI (re: aqua dot on green) but the bar itself shows sellers strong at one point and then buyers took one half of it a way from them. Leads me to wonder how strong the momo is. I'll...Ignored
Good analysis Frank.
I scalped this one for just over 10 pips ;-) Down momentum definitely faltered.