On the Day time frame we have
1. crossing up, weak but still crossing.
2. coming out of negative territory
On this 6 hour chart we have.
1. moving into positive territroy
2. Possible pattern?
3. Created a "higher high" with it hitting that $430 mark
I said it once before that if we move sideways it would most likely confirm a move to the upside. So, if we base out in this channel and move sideways a bit I would imagine we would get another push up. I am leaning on this one, but on the flip side a break of the $360 area would be concerning and that is the area to watch if we are going to break down further.
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Happy Trading. Don't stress, pick your points and DON'T USE LEVERAGE.
Don't be surprised if we get a pull back to 415-420 area at this juncture. We have already made a higher high which is a very bullish sign.