This was traced using the late august trough and 500 peak. Late action has been holding between 1/4 and 1/3 angles and we seem to be headed towards this resistance again. If price holds for few days above the angle, there will be some faster uptrending established. It is also possible that we just pinch it, as last time, so it could be a good opportunity to close longs there.
The present uptrend doesn't seem to be stopped till we reach the angle on the 450's.
The present uptrend doesn't seem to be stopped till we reach the angle on the 450's.
