UPT: 3813 (78.6% Fib Level)
Be aware of a possible breakout fake out out of the ascending triangle. If the Bulls don't show up, possible reversal can ensue.
If I were to go long, I'd wait for price to find support from the white trend line of the ascending triangle.
DPT Levels:
1. 2747 (38.2% Fib Level)
2. 2551 (50% Fib Level)
3. 2354 (61.8% Fib Level)
Price could meet up with the rising 50D MA at $2900
Price action is king!
More Power To All Your Trades, My Friends!
Ron
Intrepid Trader
Be aware of a possible breakout fake out out of the ascending triangle. If the Bulls don't show up, possible reversal can ensue.
If I were to go long, I'd wait for price to find support from the white trend line of the ascending triangle.
DPT Levels:
1. 2747 (38.2% Fib Level)
2. 2551 (50% Fib Level)
3. 2354 (61.8% Fib Level)
Price could meet up with the rising 50D MA at $2900
Price action is king!
More Power To All Your Trades, My Friends!
Ron
Intrepid Trader