It is forming a base right now between 125.65 and 182.85 since Mar this year.
Also, it has broke out of a nice descending wedge as well. Let's wait for a little pull back before initiating a long position. Those who want a wider margin of safety can wait for the resistance at 182.85 to be broken up first.
Also, it has broke out of a nice descending wedge as well. Let's wait for a little pull back before initiating a long position. Those who want a wider margin of safety can wait for the resistance at 182.85 to be broken up first.
Note
160 resistance must be broken up before we can see price charging higher.Note
Yee-haw....it is riding up high nowNote
Praise the LordNote
Tonight closing will determine if this resistance turns support can holdNote
added moreNote
support thus far proven quite strong .....Note
205 is a strong deterrent , refusing the bulls to charge higher....Let this battle be over first before deciding next course of action
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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.