Well the last bullish looking triangle broke bearish so maybe this bearish looking triangle will break bullish. If not, I think $8,500 is on the menu. At this point I wouldn't mind seeing $8,500 so people will STFU about the fake CME paper market gap.
Note
This is encouraging. The 20 Week Simple Moving Average is currently around 9,062 and rising. It is very possible this helps hold up prices even if we pierce it a bit. If you have been following my charts for any length of time you know that the 20/40 Weekly moving average is a strong reason I remain bullish. I'll dig up a chart and post it under this one.Note
Click on this chart and click the play button. You'll see what I am talking about. Also slide the chart to the left and look at how long the 20/40 remain bullish once they cross bullish. Like I said, very encouraging if we touch and bounce off like in the past.
Trade closed: target reached
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.
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.