Follow up chart to my earlier post, the bulls bought the dip today into the close. I'm still cautious to the possibility of a reversal but think we may have a target in sight. The upward channel within the longer term channel points to a target confluence region marked (see circle) on the chart. The trendline breach measured move target is also higher. So still neutral but biased long.
Follow up chart to my earlier post, the bulls bought the dip today into the close. I'm still cautious to the possibility of a reversal but think we may have a target in sight. The upward channel within the longer term channel points to a target confluence region marked (see circle) on the chart. The trendline breach measured move target is also higher. So still neutral but biased long.