On the daily chart below you can see that this is a very strong trending market reflected in ADX above 50. MACD is bullish and Stochastics are in overbought territory. Also on the daily chart you can see where the TS Analyzer highlighted it was time to look for a long entry. Not a bad catch, especially with big money’s bullish posture.
Click to enlarge.
On the weekly chart ADX is on the rise now at 33 showing a strong weekly trend and weekly Stochastics are in overbought territory.
Have a prosperous trading week.
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