short term trend consolidation has not been broken through. Long term rising trend is still holding and the cloud is supporting that trend for the most part. Should see movement sometime today.
We will see whats going to be happen in 4 hours :) Only thing is that stoch, I hope top zone takes 3-4 days.
Danielkh
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do you suggest an entry point? do you expect the price to retest the low's today?
Thank you
bambam320
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@Danielkh, Trading inside the triangle as it is, the 2.55 to 2.65 range is a good place to enter. It might test lower supports such as the 2.00 price before continuing up but fundamentally, it has a great future. This pennant analysis has proven itself at least 3 times in as many weeks.
We will see whats going to be happen in 4 hours :) Only thing is that stoch, I hope top zone takes 3-4 days.