GRAPHITE up or down?Touched all time high of 900 twice. Last swing touched 900 and then gave a lower high. After that again gave lower high forming a triangle pattern. Expecting price to breach the red line (2) and explode to upside retesting 900. We can wait for the retrace after this move and see if green line (2) is respected. If so we can take a position to the upside. However, if on the retrace green line (2) gets breached then we can look for an exploding move to the downside. So no positions for now, watch the movement and by next swing make a decision (ETA one week).
