This is a breakout, BUT be careful as this does have somewhat of a pattern to fall back down into/below the pattern.
The Yellow horizontal lines are weekly resistances.
I am interested to see if this holds above $12 in the coming days and if it reaches around the $13.3 mark.
As you probably know for every action there is a reaction and you should place your trades based on this. (or at least I do)
not investment/trading advice, just sharing my idea with you all :)
Good luck fellow traders!
The Yellow horizontal lines are weekly resistances.
I am interested to see if this holds above $12 in the coming days and if it reaches around the $13.3 mark.
As you probably know for every action there is a reaction and you should place your trades based on this. (or at least I do)
not investment/trading advice, just sharing my idea with you all :)
Good luck fellow traders!