$LOW is currently in a bullish flag
position. I like the postures of the indicators on the daily, 4 hr
, and the 1 hr
. Price is currently testing the top of that daily trend expecting a break out move. if the break out occurs, looks like its going to make an attempt at new ATH's. The fib levels are looking good, 175.45 is a level that was briefly used for support back around OCT 16, 2020 when it reached ATHs and got rejected. We are now currently back at those levels. Price is currently 177.59, 1.75% is what it needs to move to make new ATHs.
let me know what y'all think