We have found some good support at .6200 and I see us heading to the red ribbon zone for a 3rd touch on the upper band of this channel
From there we will decide if we need to drop farther than .6200 or we consolidate for a monthly and weekly swing to .7000 zone
Resistance will show around .6490 as we approach .6500 and the 200 MA orange line. Price is above coil on daily which is good news for bulls.
From there we will decide if we need to drop farther than .6200 or we consolidate for a monthly and weekly swing to .7000 zone
Resistance will show around .6490 as we approach .6500 and the 200 MA orange line. Price is above coil on daily which is good news for bulls.
Comment:
Divergence *
Comment:
Expanding flat pattern in strong weekly price zone.
