Already on May 12th we had left the trading range since 23rd April but then the price has fluctuated around the outbreak level.
After the last backtest of the upper band of the edge it seems that we can go ahead now.
As we could not fall back into the range we seem to get momentum now. A new high would confirm the willingness of the market to try to correct the large fall since mid January.
After the last backtest of the upper band of the edge it seems that we can go ahead now.
As we could not fall back into the range we seem to get momentum now. A new high would confirm the willingness of the market to try to correct the large fall since mid January.
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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.