Comments on the chart
Comment:
Essentially nothing happened today. The idea is still on. A break and close above the ema which coincides with a break above the downtrend line will get me long
Comment:
Boom!!! Price closed up in style taking out the 50ema and the downtrend line. Idea is looking really good.
Comment:
Price has managed to build on the breakout candle with little or no retracement. Price action is now very bullish.
Comment:
price has moved up nicely and I think it is now at a point where a retracement is due. This, when complete, would provide a good entry for new buyers for the long haul