In looking at the weekly chart, I also added the Linnear Regression Indicator to give me an idea of where price action is...as you can see, it is at the outside so unless price continues to drop, we should expect a price jump.
Maybe I was a little early in my prediction, although price action has touched higher than the 7 mark in the last 2 weeks - I am hoping it will actually CLOSE above 7 this week.
Time will tell...Happy Thanksgiving to all you Canadians!!
Stay safe all.
Heiko
Maybe I was a little early in my prediction, although price action has touched higher than the 7 mark in the last 2 weeks - I am hoping it will actually CLOSE above 7 this week.
Time will tell...Happy Thanksgiving to all you Canadians!!
Stay safe all.
Heiko
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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.