Yep we had a breakthrough with a nice engulfing candle building up but this failed again as we just lack the volume needed to breakthrough. The 21MA momentum shows us that we just don't have the required catalyst for a proper breakout.
Might have to settle back down to around 7000-7200 to garner support again and hopefully regain buy volume momentum, perhaps another engulfing candle which means another possible buildup.
A catalyst will be required to bring in the volume required for another breakout.
Might have to settle back down to around 7000-7200 to garner support again and hopefully regain buy volume momentum, perhaps another engulfing candle which means another possible buildup.
A catalyst will be required to bring in the volume required for another breakout.