A break out of the medium-term downtrend pitchfork has been capped by the 78.6% retrace (29/1 -> 6/2) & the 61.8% retrace (15/1 -> 6/2) both coming in @ $~146.
50DMA has been a good pivot area in price break of it to the downside & the 50% retrace of the short move higher opens up the trend line @ the $120 handle. New pitchfork is something to look at, median line has acted as res on the 17th & 19th
50DMA has been a good pivot area in price break of it to the downside & the 50% retrace of the short move higher opens up the trend line @ the $120 handle. New pitchfork is something to look at, median line has acted as res on the 17th & 19th
