Forming a double top creating resistance at 2,880-8 , we are currently hovering at Hourly resistance of 2,860.
4 hour resistance level is at 2,834 which we can expect to see once price breaks below and retest 2,860 . Following being a support level in September 2,728 became resistance for November and December.We double bottomed at 2,600 in December , retested 2,728 and has not been back since. We have to complete the pattern and create a new higher low which will be at 2,728 based on previous chart structure.
4 hour resistance level is at 2,834 which we can expect to see once price breaks below and retest 2,860 . Following being a support level in September 2,728 became resistance for November and December.We double bottomed at 2,600 in December , retested 2,728 and has not been back since. We have to complete the pattern and create a new higher low which will be at 2,728 based on previous chart structure.
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