Initially, I wrote that we could expect a break to the downside where there'll be a better entry for a short.
But the entry price never struck and the price turned up intot he channel.
Price is now breaking above the down channel, indicating a chosen direction - Up.
Other signs show some upside
7>21
RSI>50 - Bullish
Target R226.76
WARNING
I'm not too convinced yet and will need a stronger breakout and maybe even for the price to move up, test the support then bounce giving a conservative entry.
Then we are talking.
But the entry price never struck and the price turned up intot he channel.
Price is now breaking above the down channel, indicating a chosen direction - Up.
Other signs show some upside
7>21
RSI>50 - Bullish
Target R226.76
WARNING
I'm not too convinced yet and will need a stronger breakout and maybe even for the price to move up, test the support then bounce giving a conservative entry.
Then we are talking.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)