Price is extended up to resistance near 2675. We have dropped a bit, and are now testing another resistance point at 2665. Look to see if price will drop a bit more before trying to break 2675, or if we can get a push above 2675 and retest as support before going higher.
Price is extended and has hit the warning line 1 two times as resistance. Now we are trying to push through and continue higher to warning line 2, but lets see if it works.
Price has dropped after hitting the sliding parallel near the warning line 1, which corresponds to the warning line 1 on 240 time frame. Look to see what price does here at mild support at 2623. I would expect there will probably be a bounce going up higher to at least 2634.
Price has hit the warning line 1 and has come down, and now we are back up. Price is now at resistance again, so look to see if we can move higher or will pull back here. We could fill the gap, then break to the upside as a possibility.
Price is continuing to rise up above te sliding parallels. We are looking for price to continue higher if we can continue this momentum above the marked lines
Price has climbed past the upper blue median line. The sliding parallel below has acted as support. Look to see if price can continue higher or will consolidate.
Price dropped down to below the blue median line as we had mentioned as a possibility. We are now near the 2577 area which could act as possible resistance to the upside. If we start to drop again we could see the blue median line as support or 2562 again.
Price continued to break down yesterday and dropped all the way to the sliding parallel that we had also drawn in. It broke down faster than we thought, but price stopped at support at the sliding parallel and support at 2557 area and reversed. We are again now at the resistance point of the sliding parallel and we may drop a bit from here.
Price has come down after trying to break the sliding parallel resistance. We must get i hard break to the upside and retest as support to continue higher, otherwise we wil continue down and try again to test the blue median line.
