Small update & adjustments on my previous chart,
It looks like we are breaking out from the long downtrend line, i have expanded the uptrend channel a bit.
Expect some sideway movements or even a small drop from the perhaps (again) Before we get another leg up (verify outbreak).
Happy trading :)
Nice increase in volume happening, feeling very bullish now =) =)
And oh, first resistance is shattered now, but we still need to get a bit higher to create some space between moving averages. It's close to flat but the important thing is that we are still in a bullish movment, i expect volume to increase over time until we hit next resistance point
Damn, it feels good to be right :)
We are back bois!
Expect wild swings from here as we establish the new channel, it will be decided soon but we are in the zone now.
We have established a new trend now, next resistance zone is 800,
this will be the hardest test. Next post & chart tonight.