CHZ possible long, turning RES into SUPCHZ broke resistance and continued to perform, even wicking the next resistance level above.
As to be expected, it pulled back to retest the previous resistance which is now showing signs of support.
The RSI on the 1hr has hit the bottom and is beginning to turn upwards. It managed to break below 20RSI on the hourly without much PA downward or even into the, what i would now consider, support range.
If this area holds as support, ill be considering a LONG position with a TP above that last swing high.
P.S. forgive me if you dont appreciate the fib fan. i would normally remove it.. but i quite enjoy the accuracy in this case.. so i left it! enjoy.
