Looks like we are about ready to make a surge up and the bears have tried all weekend to bring it down with zero luck and we all know the weekends are the easiest because of the lower volume to beat the price down. Even on the 1 hour chart you can see a broadening triangle which indicates an upwards surge soon. The heavy resistance starts at around 67 so if we go down it would be from there but I say we will see 67 in the short term!
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Looks like we are about to pop anytime nowNote
Sure is beautiful!Note
Ah this has been a fun day so far but I don't think its over just yet. Since are move to 67 we have been forming a nice symmetrical triangle and we will see if we can break that next line I have drawn in light blue next at around 68-69 very shortly it looks like! Note
And for a longer outlook if we happen to break out of this downtrend channel I have in green on this chart we will see 72 very quickly! Of course things can change but I like to look ahead also...Note
These phone app screen shots aren’t the best but I see this playing out if an I believe we will break through that 68-69 resistance... there is a uptrend channel formed that you can see nicely. We are in an ascending wedge so we will correct out of it after we break the next resistance it looks like... then back up again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.