it is possible that price will trade within the blue triangle. there is definetly more congestion below than above. if price can close above 208.75 area i can only see it going to 211.25 are and if that can break there will be nothing but support with no resitence in the forseeable future.
we'll have to see which side of that tirangle it breaks out of. up, looks like clear sailing, down, it will have some tl's to breach before it can continue, but i have also seen tl's broken with unbelievable speed. the lower the volume the greater possiblity that these tl's will hold...orion's charts show pretty low volume at the moment
this is just me D1 evaluation, short term trades will of course benefit from more up and down movements.
we'll have to see which side of that tirangle it breaks out of. up, looks like clear sailing, down, it will have some tl's to breach before it can continue, but i have also seen tl's broken with unbelievable speed. the lower the volume the greater possiblity that these tl's will hold...orion's charts show pretty low volume at the moment
this is just me D1 evaluation, short term trades will of course benefit from more up and down movements.
"Keep your eyes on the helpers" - Mr. Rogers