Possible bull pennant
The great news broke us out of that rough downard channel and a great run up.
I was hoping we could break that .26 but just not enough push yet. That's okay I am all for the healthy movement up.
After failing to break the .26 we just about dropped to the .618 retracement. We bounced off a prior support/resistance line right before the .618.
We appear to be form another bullish pennant. Of course we need the volume to stay up in order for it to confirm.
RSI is still a little high. Wait for confirmation of a breakout and watch for a retest.
If we can break out I think we have a good chance to blow past .26 and really move.
I was hoping we could break that .26 but just not enough push yet. That's okay I am all for the healthy movement up.
After failing to break the .26 we just about dropped to the .618 retracement. We bounced off a prior support/resistance line right before the .618.
We appear to be form another bullish pennant. Of course we need the volume to stay up in order for it to confirm.
RSI is still a little high. Wait for confirmation of a breakout and watch for a retest.
If we can break out I think we have a good chance to blow past .26 and really move.
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