Simple Rally High May be "IN" & On Way Down to Test Support

There's a SLIGHT chance for one more spike up to Test Resistance at $160 to $170 level (when looking at the 10-Day and 7-Day time frames). However, it's not looking too promising at the moment. If we see a change in the indicators a couple days from now indicating a better chance probability for one last test of resistance, then an update may be provided to notify of the probability of that chance.

I hope this publication was helpful. Especially, for those using the indicators I use.

If you don't mind, please take a moment to support by clicking "Like." If you're not following, I would enjoy your having your support there as well.

Happy Trading!!!

David

Comment:

Your "short term" definition may be different from mine. Mid Term (12h to 4-Day TF's) are currently showing downward pressure. Long Term (7-Day and higher) show potential for one more push up to test support before coming down but not guaranteed. Short term (6h and 3h TF's) showing downward pressure. I have not looked at VERY Short term (lower than 3h).

Comment:

This post is simply to document the downward pressure pointed out in the video resulted in a downward push in the price action. Simply posting for future reference four (4) years from now.

Comment: