Daily Chart: Previously the trend line resistance aligned with the 38% fib level and provided strong resistance. However today this trend line resistance was retested and it is much weaker now. Looks to have broken. I drew these resistance lines on the 11th of Feb. Look at my previous charts to see how they progressed. @tomhall Thoughts? I remember we talked about $11,300. How do you see this level currently?
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By the way. Daily candle not finished yet. So not a forgone conclusion. I will update when it is complete.
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4 hour time frame. Note the 9s on the peaks. Demark indicator. Momentum indicator.
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Current 1 day close up. Previous candle trading above the current candle.
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Sorry! Current candle trading significantly above the close of the previous candle. Sampling a new range of beers here.