At resistance, not sure about formations
Updated
At resistance (7000), 0.5 Fibonacci extension, and 100 Week Moving Average (not shown)
Watching out for a potential decision point.
Not sure if we are in an Ascending Triangle or a Rising Wedge (one can be more bullish, the other is typically bearish)
Ascending Triangle: dailyfx.com/education/technical-analysis-chart-patterns/ascending-triangle.html
Rising Wedge: dailyfx.com/education/technical-analysis-chart-patterns/rising-wedge.html
Long term, we are still holding on the 200 Week MA (not shown)
Watching out for a potential decision point.
Not sure if we are in an Ascending Triangle or a Rising Wedge (one can be more bullish, the other is typically bearish)
Ascending Triangle: dailyfx.com/education/technical-analysis-chart-patterns/ascending-triangle.html
Rising Wedge: dailyfx.com/education/technical-analysis-chart-patterns/rising-wedge.html
Long term, we are still holding on the 200 Week MA (not shown)
Note
Out of the upward channel. Channel is now resistance. 50 Fibonacci extension is acting as resistance as well.
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