AU has been in an uptrend channel and is headed for a confluence target. Charts says it all.
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Target Reached.
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We perfectly hit the dashed trend line and we are ready to correct.
Not a place I want to be short, but also not a place I want to be long.
Not a place I want to be short, but also not a place I want to be long.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
We closed the week strong and are coming up on the edge of the channel... Expecting a gap up over the weekend and a close early next week.