Breakout successful from the red descending channel where we had left it in the previous idea.
The price is now completing the 'handle' of the pattern in question.
Resistance is around $81.5, and a close above it, accompanied by strong volume, could push the price back toward $100
The price is now completing the 'handle' of the pattern in question.
Resistance is around $81.5, and a close above it, accompanied by strong volume, could push the price back toward $100
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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.