Box Pattern Looking to Break
Price in this market is trading in a very tight consolidation box pattern.
This is best shown on the daily chart.
The high of this box is also the major daily chart resistance level and a level that has been holding as a key resistance level all year.
If we can see price break this level in the coming sessions, then we can start to look for long breakout trades and a new large leg higher.
This is best shown on the daily chart.
The high of this box is also the major daily chart resistance level and a level that has been holding as a key resistance level all year.
If we can see price break this level in the coming sessions, then we can start to look for long breakout trades and a new large leg higher.
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