Watching this as a falling wedge continuation to the upside.
Am not convinced that the bottom is in for the next leg higher market wide.
Expecting a rejection of upper trend of wedge resistance line to then put in an interim low of around 0.175 prior to my expectations of a sustained breakout if the market plays ball.
Monitor 23.5 dollar level for initial breakout setup or reject to 17.5 for longs
Am not convinced that the bottom is in for the next leg higher market wide.
Expecting a rejection of upper trend of wedge resistance line to then put in an interim low of around 0.175 prior to my expectations of a sustained breakout if the market plays ball.
Monitor 23.5 dollar level for initial breakout setup or reject to 17.5 for longs
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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.