If not, it will fail to break the resistance on a trend line that has held for months. The only breaks of this trend were for a few hours 2 times around the 2nd and 9th of October and now. This is about the 4th retest since the 3rd at the 12:30 candle on hourly which followed a fake break out. We just had a fake break out yesterday as well. Previous fake breakout went from 213 to 297. Following that we could assume if it tracks the same, another break back down to 300 or high 290's.
TLDR; Watch the dotted line around 307. Cross and hold: Possibly good to get back to around 313. Failure: Watch 300.
TLDR; Watch the dotted line around 307. Cross and hold: Possibly good to get back to around 313. Failure: Watch 300.
Comment:
Close around this level on hourly could be 300 to high 290's today or Friday
Comment:
It's in. Watch around $300.37 for possible support.