faced stiff resistance at the 38.2% for some time but had a breakout today. RSI
confirm price reversal to the bullish
zone. DMI remains bullish
for the long term and the trendline
is moving past 20 to indicate a strong trend. I anticipate some resistance at the 61.8% FIbonacci line as there was a previous reversal in this zone. Traders should look to take profit near the 61.8% zone and look to re-enter the trade if the price bounces from the 38.2% Fibonacci again.