If we break the 100 EMA on the 1hr chart then the first sign of resistance will be the 61.8 fibonacci. New trend indicated by divergence with the RSI.
1. Resistance after break out around the $156 mark.
2. Failure to breakout brings us back down to the $130 area.
Hold on to your butts!
1. Resistance after break out around the $156 mark.
2. Failure to breakout brings us back down to the $130 area.
Hold on to your butts!
Comment:
I think I should have pulled out for a longer time period. Didn't see the forest for the trees. Oops!