Following up on the chart I posted this morning, f
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Posted On: 08/14/2020 11:00:53 AM
Following up on the chart I posted this morning, from a technical perspective our bottom today is looking pretty good. It occurred at a logical location (explained this morning) on a daily chart, w/ a nice volume release at the bottom(w/ large blocks going through) and on a faster timeframe chart (1-5min) we put in a higher low.
This is good structure I hope we can build on as price continues higher. For resistance, above we have yesterday's low + $4 whole number level to contend with, where some selling won't be a surprise as gap fill traders will be closing out or initiating shorts. Above that it's the top of the channel around 4.68. Good luck all.
This is good structure I hope we can build on as price continues higher. For resistance, above we have yesterday's low + $4 whole number level to contend with, where some selling won't be a surprise as gap fill traders will be closing out or initiating shorts. Above that it's the top of the channel around 4.68. Good luck all.
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