This 12 hour chart gives me a strong sense of security. We are exactly where we need to be to see a strong third rally to the 900 -1000 range. This is clearly an area of strong resistance and so we can expect some choppiness
here. But all the indicators and signals are lining up perfectly and I can see no bullish
indication on this 12 hour chart. In the black circle we can just see the 200 MA beginning to appear so this indicates a move to this chart for a long term perspective and not only that but a bullish
bonus is the 50 crossing through it. I am very confident here.
A second breakdown through the 200 MA on the 1 hour chart would invalidate and we would then have to reconsider and reanalyze the complex