It looks like this chart is about to make new all time highs.
Price has failed to make new highs since 2531 but still looking healthy and the weekly retracement above 38% favors the bulls but after trying 2 times to break resistance, a false breakout is possible.
The possible weekly higher low at 2472 looks solid and further consolidation seems unlikely with only two trading days left this week.
Could a false bull break give the first sign of monthly consolidation?
Price has failed to make new highs since 2531 but still looking healthy and the weekly retracement above 38% favors the bulls but after trying 2 times to break resistance, a false breakout is possible.
The possible weekly higher low at 2472 looks solid and further consolidation seems unlikely with only two trading days left this week.
Could a false bull break give the first sign of monthly consolidation?
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