The substantial bounce off of 23-21 support at the daily level, as well as failure of megaphone top, means i'm inclined to look for 56-53 res retest.
I'll look for profit there and the the megaphone upper trendline, ultimately a hold above 53-56 area should test the long term trendline above.
If bears step in heavy and we get back below trendline and more importantly, 21-23, expect a solid test much lower.
Please like and comment your opinion!!
I'll look for profit there and the the megaphone upper trendline, ultimately a hold above 53-56 area should test the long term trendline above.
If bears step in heavy and we get back below trendline and more importantly, 21-23, expect a solid test much lower.
Please like and comment your opinion!!
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