Bottoming at Higher Level
Updated
The present range is valid since the end of March. Now we are at the bottom of the range and I expect it to go back to the to it's top, the more that the volatility is decreasing.
This range top has been the bottom from March to September 2022. Thus it might become a decisive resistance on a possible way up. But such a price above 2 would be a fine one.
This range top has been the bottom from March to September 2022. Thus it might become a decisive resistance on a possible way up. But such a price above 2 would be a fine one.
Trade closed: target reached
I remain bullish here but there is no momentum and ahead of the expiry date on Friday I want to minimize the risk.
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