Weekly close was sat at the top of range (14th april - present). Currently sat in a short term upward trend (8th June - present) and upp half of regression trend (18th May - present). A break and hold above these trends could be a potential phoenix bull rising up. Holding above 1778 opens the gate to test previous highs - from here 1900 is in mind.
A break and hold out of 14th April range in green could lead to a break down to test 1600 levels of support.
Not entered into a trade so far, waiting, watching, ready to enter when key lines are broken.
Salmons ideas are not gospel, trade with caution.
A break and hold out of 14th April range in green could lead to a break down to test 1600 levels of support.
Not entered into a trade so far, waiting, watching, ready to enter when key lines are broken.
Salmons ideas are not gospel, trade with caution.
Comment:
gold respected boundaries perfectly. Couldn't have asked for a clearer path
Comment:
target beyond hit! golden phoenix