Still not out of the Woods!
Both the longer term (gold P1-P3) and shorter term (violet P1-P3) Schiff Pitchfork have defined the vector of the 240-Min price/time price grid with the shorter term Schiff Pitchfork Upper Parallel and the upper flat of the Cloud capping the advance this AM (yellow circle) marking a slowing of upside price momentum reflected in both oscillators. Although the Kijun Span (green line) is holding as support and is keeping it from developing into a full blown short term reversal. Still a watch and wait scenario.
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The Market's Compass
Read more: https://themarketscompass.substack.com/p/still-not-out-of-the-woods
Text source: The Market's Compass Technical View
