Looking at the term angles this chart likes to use, it has broken the recent down trend and stabilizing at these new higher support/resistance lines.
Projecting from the previous big leg up, shows a move up to 18c is possible.
With the trend lines, the price can respect or reject them but making it easy to see where it's moving too.
When it hugs the upper band of the up trend, this is a good indication it will break up again.
This is my first post, feel free to offer any tips for making the lines better.
Projecting from the previous big leg up, shows a move up to 18c is possible.
With the trend lines, the price can respect or reject them but making it easy to see where it's moving too.
When it hugs the upper band of the up trend, this is a good indication it will break up again.
This is my first post, feel free to offer any tips for making the lines better.