A week ago we have dropped to our Dec-Apr channel, today we have broken up through it again.
If we close today above $75 I believe we are going to rest in this small area $78-85 for the next week until possible break of $85 around May 20th.
This would even form an inverse shoulder head shoulder, and a pump to test the $100!
If we do not break $85, next support is back at $75. Breaking that support downward would mean a heavy drop to $60, so keep your Stop/Loss at $75.
If we close today above $75 I believe we are going to rest in this small area $78-85 for the next week until possible break of $85 around May 20th.
This would even form an inverse shoulder head shoulder, and a pump to test the $100!
If we do not break $85, next support is back at $75. Breaking that support downward would mean a heavy drop to $60, so keep your Stop/Loss at $75.
Trade active
Deciding point is coming soon, be careful about breakouts and WATCH THE VOLUME!
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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.