Great bullish move
It has helped me see more clearly the boundaries of this consolidation.
For the past week price has made 2 lower lows without having made a higher high. That does not speak to resumption of upward trend yet. If it does break for a new high, then I'd have more confidence it was ready to leave this level behind. Until then, still in a range....
Of course, I am not saying it is not possible for it to blast off to 120+ in a day. Just saying, until a new high is made, it is still making new lows, and still in consolidation.
Hope all your trades work out...
It has helped me see more clearly the boundaries of this consolidation.
For the past week price has made 2 lower lows without having made a higher high. That does not speak to resumption of upward trend yet. If it does break for a new high, then I'd have more confidence it was ready to leave this level behind. Until then, still in a range....
Of course, I am not saying it is not possible for it to blast off to 120+ in a day. Just saying, until a new high is made, it is still making new lows, and still in consolidation.
Hope all your trades work out...