So currently we are consolidating on the 2hr time chart in the yellow trendlines. That is a shorter term trend. The blue lines are the longer term trend we have been trading in. I believe a break out to the top of the yellow lines could also catapult us out of the longer term trend line (blue) as well. That could set us up for some decent gains. If we break down to the bottom I still believe the bottom blue trend line would hold. I am leaning towards the bullish side of things considering we are in a bull flag inside a symmetrical triangle.
RALLY RALLY GO!!
RALLY RALLY GO!!
Comment:
Although this candle hasn't closed yet, the 15 minute chart is showing a couple candles closing beneath the yellow line. we may be headed towards the 208 level