Rising Wedge within a Channel Up
The next two 1D candles are very crucial for keeping the bullish short term momentum alive. If the 69.96 support holds then the Rising Wedge (overbought STOCH = 80.772, Williams = -19.841) will quickly jump to 72.60. If not then the Channel Up (RSI = 62.380) will look for a Higher Low (Highs/Lows = 0.7114) with the most probable candidates being 69.00 and 67.80. Both these spots are suggested as long entries.
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