At the open we sew a run-up on raising volume and then the whole morning we see consolidating on minimal volume.
For those of you who are fans of indicators - Stochastic is not in a good position for a long, but in case some reverse divergence forms later on the 15 min or the 30 min that will add up to the odds for an explosive move up.
If I see a breakout out of the flagging structure, I will take it.
If the 10 and 21 EMAs stop holding the price and there is a bigger correction will reconsider, then maybe a spring setup will be an option.
Also, 15785 is a viable area where we can see an AB=CD reaction and a potential Spring up might start. For sure we'd need a close below the previous low with a good entry bar. If that bar closes above the 10 EMA this adds greatly to the odds for at least a 1 to 1 trade.
For those of you who are fans of indicators - Stochastic is not in a good position for a long, but in case some reverse divergence forms later on the 15 min or the 30 min that will add up to the odds for an explosive move up.
If I see a breakout out of the flagging structure, I will take it.
If the 10 and 21 EMAs stop holding the price and there is a bigger correction will reconsider, then maybe a spring setup will be an option.
Also, 15785 is a viable area where we can see an AB=CD reaction and a potential Spring up might start. For sure we'd need a close below the previous low with a good entry bar. If that bar closes above the 10 EMA this adds greatly to the odds for at least a 1 to 1 trade.