Basic concept: resistance -> support. There is even a lower support level, but will not draw it at this moment.
Couple of days ago we had a nice move, resulting in over 200% gains, when RSI broke out of previous resistance.
The question now is: can it find support in the same area it broke out? Will the trampoline be enough?
Couple of days ago we had a nice move, resulting in over 200% gains, when RSI broke out of previous resistance.
The question now is: can it find support in the same area it broke out? Will the trampoline be enough?
Comment:
Well, that trampoline sure helped!
