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mranatunga
Jan 17, 2021 6:57 AM

$SRM in an ascending triangle heading for the midrange. Long

Description

SRM re-entred its macro range on Jan 5th after having been in accumulation since October of last year. Currently in an ascending triangle with resistance at $1.84. We haven't had a daily close above $1.84 since September of last year.
I believe we are on the verge of breaking out of this ascending triangle and heading to the middle of the range at $2.30 which is also confluent with a daily supply zone.
Failure of this ascending triangle will lead to a revisit to the range low at $1.41
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