Currently trading between a couple past support lines.
Currently riding on a new support after bouncing off the the lighter trend into the top resistance line.
Looking for a break above the diagonal weve been trading down since last week for confirmation.
Id expect resistance once at the 17.35 area, before a squeeze at the second retest.
If we trail below our current trand and out of the older trading zone in orange, i would look to the lighter trend line to hold us up before stopping out below it if we lose support at 15.48
Id be a buyer with support above 13.94 with confirmation that the lowermost support line holds up.
If that happens, id watch 15.48 region as we climb for a squeeze up
somewhere in my stop out region
Currently riding on a new support after bouncing off the the lighter trend into the top resistance line.
Looking for a break above the diagonal weve been trading down since last week for confirmation.
Id expect resistance once at the 17.35 area, before a squeeze at the second retest.
If we trail below our current trand and out of the older trading zone in orange, i would look to the lighter trend line to hold us up before stopping out below it if we lose support at 15.48
Id be a buyer with support above 13.94 with confirmation that the lowermost support line holds up.
If that happens, id watch 15.48 region as we climb for a squeeze up
somewhere in my stop out region