There was an impulse on Friday evening, not a big one but it did help to break the ATH.
So my idea is that it will continue this week on a bullish note.
On Monday it should test previous ATH resistance, which is now a strong support. And if it stands it, then it goes to the new highs - 3710’s may be seen on Monday.
Average true range is what - about 40-50 now - so this is how much it can potentially grow daily.
But we won’t see that much growth I guess, it will definitely be testing the support along the way.
Alternatively, if the support is broken, it may try testing 3650’s, and then depending on strength head further down or return to ATH.
So my idea is that it will continue this week on a bullish note.
On Monday it should test previous ATH resistance, which is now a strong support. And if it stands it, then it goes to the new highs - 3710’s may be seen on Monday.
Average true range is what - about 40-50 now - so this is how much it can potentially grow daily.
But we won’t see that much growth I guess, it will definitely be testing the support along the way.
Alternatively, if the support is broken, it may try testing 3650’s, and then depending on strength head further down or return to ATH.
Then it took alternative direction described in the end of the idea.
But in the end did not return to ATH.