Just a follow-up observation from me on the UCAD - it now looks...

Just a follow-up observation from me on the UCAD - it now looks range-bound between the support provide by that control candle I've highlighted and the resistance of that upper wick of the large range candle that we saw on Friday night. A close above or below either box will establish the next major direction, imo.

I note on the weekly this week is shaping up as an inside bar and its looking a little over-extended in comparison to the SMA20 - so maybe a little mean reversion to the downside more likely...?


Cheers, Sharks