12:00pm EST. Global Trading Signal - Signal continues to show Trading Optimism.
08:00am EST. Global Trading Signal - Overnight Signal is Trading Optimism.If the potential megaphone structure (triangle?, diagonal?) proposed in a previous post is still valid then it may be approaching the price trend line at a fib. extension. Once again there are a number of candles connecting as shown by the short white horizontal tag lines with a (current) upper alignment zone around 3365.50 so we will be watching this area closely. Higher targets are always possible of course which is why the top detection analytics specifically creates the top flag signal (orange or red).
If the price structure is a megaphone or something similar, it would not be unusual to see the final price move spend some time bouncing at/near/above the price trend line until it reaches it's tipping point (target).
The bots will flag a "V" when they see a top.
Our favorite go to site- McVerry Report
This information is for entertainment purposes only. Financial loss can occur from investing.
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