Only 3 weeks since we saw that SRM broke out from it's accumulation phase!
We were saying that a strong expansion phase leading to a parabolic move were coming, here we are !
(previous analysis)
Now that we successfully touched our Target 1, we would like to see a daily closure above our target 1 and a retest of it as a support in order to see further continuation. This flip from resistance to support of this zone would lead us to price discovery.
Enjoy the ride and congratulation to those who bought at the breakout from it's accumulation phase
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
We were saying that a strong expansion phase leading to a parabolic move were coming, here we are !
(previous analysis)
Now that we successfully touched our Target 1, we would like to see a daily closure above our target 1 and a retest of it as a support in order to see further continuation. This flip from resistance to support of this zone would lead us to price discovery.
Enjoy the ride and congratulation to those who bought at the breakout from it's accumulation phase
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/