This most recent rise hasn't had the same clean curve as the one in late nov – instead we have what looks like a choppy channel. I'll be watching 2850 to see if this choppy channel holds (green freehand), and if not I will watch if triangle bottom holds and plays out (red freehand).
Time to close longs I think. We might break up, and that might be VERY strong, but probably a good idea to take profit here and just wait then relong while watching out for possible fakeouts. Current 12H HK candle is turning red with 7H left until close.
We didn't break the orange upper downtrend line this time either, so it looks like we'll be visiting the bottom of orange triangle. Somewhere around 300-308 or so; if bottom holds.
This might not even be a triangle, or it might break just as easy as the one with 345-350 bottom did.
It seems almost amazingly ...