Opened another long position this morning as consolidation appears to be finished.
It's possible I am early and the handle extends but I believe the low of the consolidation is in @ 738
In my view a break of 760 today signals the handle is complete, otherwise it may continue range bound a bit longer
One eye on US dollar for this trade,continued weakness should...
Strong weekly candle filled the larger gap below from Nov 28 as well took back the 200 MA 3.30 (the caveat is there is still a smaller one Nov 21 2.852 - 2.891 but I expect it will wait for shoulder season if it fills since we've moved up for now)
Tested 20MA with a convincing push up = bias remains BULL
50MA crossed above 100MA
20MA closing in on 200MA
After 7 red days in a row & 3 red weeks, Fri saw an inside/doji HOD @ $660.35 that broke to the upside on the open last night.
In addition consolidated with a higher low on the Daily $652.15 and had previous support at that level in Sept
I am trying a swing for several days/possibly weeks, targeting 20DMA for starters...