CYH: Current year high
MO: Monthly open
Notice how price moved quickly lower and ran stops neutralizing the week longs.(Green x). Price opened and quickly moving higher. If price breaks 0.72284 level. Wait for price
to retrace back in for long. I believe market will seek higher prices. Also notice the resistance at Current year high level.( rectangular box). What do you think sits at this level.
My guess is stops.
MO: Monthly open
Notice how price moved quickly lower and ran stops neutralizing the week longs.(Green x). Price opened and quickly moving higher. If price breaks 0.72284 level. Wait for price
to retrace back in for long. I believe market will seek higher prices. Also notice the resistance at Current year high level.( rectangular box). What do you think sits at this level.
My guess is stops.