DGB (Briefly) broke out from it's downtrend last week but since then it has continued to trace back towards original break pricing.
It now appears to be tightening up again as it nears the original break level so we may see some gains in the next couple of days.
The concern is that the trailing resistance only rests about 10% from support.
I'll be watching and looking for a potential fall through this upcoming support to a more favourable entry point but for those feeling brave it may be enticing to buy a break from this short term decline.
Thoughts and feedback welcomed.
Bingaz.
It now appears to be tightening up again as it nears the original break level so we may see some gains in the next couple of days.
The concern is that the trailing resistance only rests about 10% from support.
I'll be watching and looking for a potential fall through this upcoming support to a more favourable entry point but for those feeling brave it may be enticing to buy a break from this short term decline.
Thoughts and feedback welcomed.
Bingaz.