After seeing a perfect retest of support at the .24-25 value zone, that marked a top back in October 23, we had an 80% bounce. Keep your risk situated for crazy volatility.
Continuing the run further would see at least a test of the .55-.56 value area, though this may be a week or 3 away after coiling up for another spring board breakout during rotation. I'll add more zones above the .55 major resistance area as we get closer, just in case we hit some major bull moves.
Continuing the run further would see at least a test of the .55-.56 value area, though this may be a week or 3 away after coiling up for another spring board breakout during rotation. I'll add more zones above the .55 major resistance area as we get closer, just in case we hit some major bull moves.
Note
Ideally, we see support hold over .37 for the breakout of the flag.Note
Support over .40 needs to hold now. .35-.37 is still strong. I would not be surprised to see big wicking candles down to this level as we move up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.