We are approaching the end of the flag pattern (created by price increase at the end of May through mid Jun and the correction/bottom in early August).
We are currently trending above the 9 MA and 200 MA.
The next level of resistance I see is ~$614. If we break that resistance level I believe the price will jump to ~$623 (or the .382 Fib resistance level).
Any thoughts?
We are currently trending above the 9 MA and 200 MA.
The next level of resistance I see is ~$614. If we break that resistance level I believe the price will jump to ~$623 (or the .382 Fib resistance level).
Any thoughts?
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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.