Price is in a clear up-trend with wide pullbacks.
Since July price was holding at the TB and L-MLH.
The weekly momentum looks good to me.
Although, a little concern could be the rejection at the 1/4 line. But this happened also in the past, and then, after a new attack, price took off.
So, this definitely needs patience to play out.
I maybe start with a little "feeler" position today.
Above the 1/4 I would add more. Above the CL even more.
Since July price was holding at the TB and L-MLH.
The weekly momentum looks good to me.
Although, a little concern could be the rejection at the 1/4 line. But this happened also in the past, and then, after a new attack, price took off.
So, this definitely needs patience to play out.
I maybe start with a little "feeler" position today.
Above the 1/4 I would add more. Above the CL even more.
Trade active
It's on pause.
Nothing to do here.
Note
Good weekly close.Hanging in there.
Note
Struggles to jump above the Center-Line.Note
Correction: 1/4 Line, not Center-Line.Note
This doesn't look too good now.A violation of $37 would be my exit or a call to action to start a Hedge.
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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.