This weekly chart perspective clearly shows a long trendline breakout in recent weeks with price now dropping back to that level. Price may be finding support at that previous breakout trendline. This coincides with an upwards trendline (shown as blue). A break below could signal a steep decline.
We are still ranging inside a very long triangle.
Note that MACD acted as a leading indicator for the price decline and now is pushing below 0 into negative territory.
Team Sparkster remains neutral until we break that level down or confirm support for a new leg up. At which point we expect multiple signals to appear on strategies inside the Sparkster Signals Community.
We are still ranging inside a very long triangle.
Note that MACD acted as a leading indicator for the price decline and now is pushing below 0 into negative territory.
Team Sparkster remains neutral until we break that level down or confirm support for a new leg up. At which point we expect multiple signals to appear on strategies inside the Sparkster Signals Community.
