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OILEX LD ORD NPV, LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VODAFONE GROUP PLC ORD USD0.20 20/21
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Retrace to prev high as support zone, then continuation of trend. RSI overbought at current levels.
Possible Scenarios, long bias
Retest of bottom ascending trend line. Once crossed high activity zone (blue), continued rise.
Pullback to underlying trend line, then trend continuation.
Price moved to .382 fib level which also lines up with prev resistance turned support level. Price to move back 1.791.
A break of 134.500 weekly resistance should make way for the price to rise to the current monthly downwards resistance around the 138-139.000 area. Failure to break the weekly resistance on the next attempt could form a triple top and/or a loose head and shoulders signalling.