support line from dec. and Jan. now resistance

15 avr. 2020It jumped out of the temporary channel and is now trying to breakthrough a previous support line from Dec. and Jan. It failed yesterday and today and if it doesn't breakthrough soon we may see the end of this run up and a touch of the strong support around 360.

16 avr. 2020

Commentaire

It has neither fallen back in the channel or broken through the old support line. These upper line of the channel and this support meet on Monday, it will be interesting to see which way it wants to break. A lot of gaps made over the last week will add fuel on the way down (if it goes that way). If it goes above and holds 760 today cover any short!