Bull Trap or Rally
we have broken out of a wedge that could possible send us on another bull run. im thinking if it manages to get over the 400 resistance we can see a run up to 417 trend line 200ma. if we have good break over 400 im goin to ride to 417 with caution. this would put us in head and shoulder pattern if rejected again at 417 similar to 430 rejection. small chance just something i am keeping a eye on also looking from supply and demand point of view.
if we break 400 target is 417
if we reject 400 again my first target will be 385.
this is the battle plan until i see cpi next week
happy trading also do your own research
if we break 400 target is 417
if we reject 400 again my first target will be 385.
this is the battle plan until i see cpi next week
happy trading also do your own research
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