I'm still seeing lots of potential to the upside. We have wics leading us up back to 34.3K, and as far as the supporting areas for this buy, i see 33.7K and even possibly 33.6k.
If you go look back and look at charts from Jan 10th-Jan 15th that i have marked up, you'll notice similar structure to what we have now. Bounce off 4Hr Then a spike up to the upside. And as i mentioned, we have one wic leading us back to 33,180 (Daily Resistance Trend-line), another leading us to 34,300 (Daily Resistance) which is making me more confident overall for this buy setup. From here It's a high possibility for price to go both ways, I still see the potential to keep going up to reclaim the CPI high at 34.9K.
This is just my personal opinion, Trade Safely!
If you go look back and look at charts from Jan 10th-Jan 15th that i have marked up, you'll notice similar structure to what we have now. Bounce off 4Hr Then a spike up to the upside. And as i mentioned, we have one wic leading us back to 33,180 (Daily Resistance Trend-line), another leading us to 34,300 (Daily Resistance) which is making me more confident overall for this buy setup. From here It's a high possibility for price to go both ways, I still see the potential to keep going up to reclaim the CPI high at 34.9K.
This is just my personal opinion, Trade Safely!