FSLY first target 21 at fair value gap and previous resistance zone.
After all the back testing it seems this time might be the breakout we are looning for. 1400by end of February and 1500 by Summer.
Triangle breakout is primed for a big move. A break above the down trend line and a new bull market in precious metals will begin.
It might take a while to unwind, my guess is before end of 2017 We have one more down leg i think before we break out.
Testing the bottom of the pitchfork. If we break that there is good support at the bottom trend channel around 1260.
If we break to the upside we have a good shot at reaching the target box.
Back testing the channel. Next few trading days are telling about direction.
We are due for a bounce up. Double bottom is forming between 23 and 25. If it breaks 23 then it negates the rally up and further weakens is anticipated.
As you can see price always paused at the pitchfork lines. Once it broke past the lines it continued to the next line paused and continued. It confirms weakens of the commodity if it cant stay in the main pitchfork lines(green). Any break to the upside of the lines suggests there is strength.
DUST is hugging upper trend line. It should reverse and meet lower trend line and stay in the channel. Go long 3x NUGT. Keep an eye for a red reversal candle for entry.