Yesterday's analysis had a 12% target to the downside. Candle formation showed a strong reversal candle with long wick closing above support. The market jumped at the chance for upside, propelling the price above a significant resistance trendline (yellow line). Price is currently above cloud. If it can hold, then next major target is 7% above at $7,500.
Commentaire:
Currently looking good for continuation, price finding support on horizontal and above cloud.
