Bullish Breakout Could be Confirmed Tomorrow

Here's an interesting fact: there have not been four consecutive positive candlesticks on the daily Mt.Gox chart since the period from the 1st to the 4th of June, which precipitated the rise to $32, four days later.

If we close above $2.72 today, which seems pretty likely, and higher tomorrow than today's close, we will once again have four consecutive positive candlesticks. Note that we have had three consecutive on multiple occasions, but only made four in a row before the huge pop to $32.

UPDATE: Three green closes in a row. We'll need to close above $3.15 tomorrow to get four in a row.

Posted in: breakout,sentiment,trading