Short TERM for BUYERS, long term for SELLERS

Hi Folks:

After hitting the resistance line we have pulled back slightly and then we are trying to reach the resistance trend line (orange line) since the previous All time High, a very long term resitance line.

Being that close it looks like we are going to hit it, the magnet effect.

As long as we keep trading inside both ascending channels the plan will be that. I am not holding any positions at the moment. I prefer to wait till the target is hit and then decide whether to short it or long in the event that we break out the resiatance trendline.

Stay Safe, Cheers


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