I see good support here, we have breached an area of stong resistance, now support. (blue trend line)
If this level holds with a further move up it looks favourable for the long trend.
Probing the DP right now lets see if it can push through.
The double top with the lower high around 209 and the rising T/L may favour shorts though, being below the DP doesn't help either. Hence my last long from todays low is now at BE +1.
Time will tell.
If this level holds with a further move up it looks favourable for the long trend.
Probing the DP right now lets see if it can push through.
The double top with the lower high around 209 and the rising T/L may favour shorts though, being below the DP doesn't help either. Hence my last long from todays low is now at BE +1.
Time will tell.