Price has been moving in a descending triangle on the hourly chart . price finally touched the lower channel about the 7300-7400 area. And since price did not break downwards on the lower channel, we have seen a strong bounce all the way up . We expect the price to continue rallying upwards till about 9000 which happens to be the upper channel and also the next psychological resistance area. So if you missed the buys today, there is still some room for more buys .happy Trading
Commentaire:
We are on track with the longs. price continued to rally broke upper channel of 9000 to the upside. We are currently consolidating around 9500. I am looking out for more long positions if price breaks out north after the consolidation.