**Updating my charts
Black lines are the bigger trend lines form the highest highs and highest lows. The pink lines are what I thought was potentially a new uptrend forming but also bands withing the down ward trend.
Looking at daily chart there is a potential of the symmetrical triangle forming, updating my chart did the triangle now form? When we look at the MACD there is a bearish cross over with volume heading to oversold conditions. The RSI is now below 30 and turning flat! all signs of upward movement and if they all align we will see a breakout of the triangle. This is the break everyone is waiting for and will then reach the targets everyone so much hoping for I think. But like always volume is required.
First resistance is around 128, 144, then 170 then 200+ is the target.
Lets see would be pretty special if this is what is going to happen :)
Black lines are the bigger trend lines form the highest highs and highest lows. The pink lines are what I thought was potentially a new uptrend forming but also bands withing the down ward trend.
Looking at daily chart there is a potential of the symmetrical triangle forming, updating my chart did the triangle now form? When we look at the MACD there is a bearish cross over with volume heading to oversold conditions. The RSI is now below 30 and turning flat! all signs of upward movement and if they all align we will see a breakout of the triangle. This is the break everyone is waiting for and will then reach the targets everyone so much hoping for I think. But like always volume is required.
First resistance is around 128, 144, then 170 then 200+ is the target.
Lets see would be pretty special if this is what is going to happen :)