The chart tells the story of my bullish continuation view and I fully believe another major support level is being formed at the current purple consolidation apex and will act very similar to the previous pattern from February.
BUY LEVEL: THIS WEEK, I will look for prices to break upwards and test between 1283-1292. Following that I will look for a retest of 1275/77 as a longer term buy level. Aggressive buyers could buy between 1264 and 1274 if it hits again with a stop of 1262.
Following a weekly close above 1302, I will look for 1336 as the next short term target.
BUY LEVEL: THIS WEEK, I will look for prices to break upwards and test between 1283-1292. Following that I will look for a retest of 1275/77 as a longer term buy level. Aggressive buyers could buy between 1264 and 1274 if it hits again with a stop of 1262.
Following a weekly close above 1302, I will look for 1336 as the next short term target.
Trade closed: stop reached:
The wedge broke hard. This trade is void.
