Price broke out and is now retesting a multiyear trend line resistance, price has maintained higher highs and higher lows on the lower time frame (Daily chart) There is favorable probability that support 950 will hold and retest the high of 1040, and possibly break resistance on its way to make a higher high
Possible Cup & Handle, which is a very strong continuation pattern, so far price has failed to make a lower low and has found support at 11.5000, upon retesting the recent high it failed to break above resistance and pulled back to 11.9000 where there seems to be some support. If support at 11.9000 holds, we could see price make another attempt at breaking the...
