Consolidation has been established with a range of 1548.12 - 1586.77
For the technicians out there who like patterns. A Pivot High was just completed. So, look at the bottom of the consolidation range for your breakout signals.
Anchor bar on the consolidation is a positive bar which suggests a 70% chance of breakout to the top.
Coupled with the pivot high - I would decrease that down to 30%.
This is a mixed bag of directional signals, suggesting the market hasn't decided yet.
For the technicians out there who like patterns. A Pivot High was just completed. So, look at the bottom of the consolidation range for your breakout signals.
Anchor bar on the consolidation is a positive bar which suggests a 70% chance of breakout to the top.
Coupled with the pivot high - I would decrease that down to 30%.
This is a mixed bag of directional signals, suggesting the market hasn't decided yet.