This is a critical spot for this intermediate trend. Is it going to jump of the support on to new highs? Or will it fizzle out?
I think this intermediate trend is running out of steam. Each big move up was weaker than the last and volume has been dropping off. The shooting star candle on the 19th doesn't help either. Support can be found around $27.50 and then $23.50
I think this intermediate trend is running out of steam. Each big move up was weaker than the last and volume has been dropping off. The shooting star candle on the 19th doesn't help either. Support can be found around $27.50 and then $23.50