AS you look at the Daily, you see where we've had ups and downs for the last 2 years. We just broke the trend line at the bottom, but only by ~2%. The last session (Friday) looked to be an up session.
If you drill down to the hourly, you will see that it's broken the trend line up on the up side, indicating a possible buy opportunity.
FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is no guarantee of future results. I am not a financial adviser nor am I offering any advise to you as to how you might trade or invest your money. Charts and analysis are a mixture of my own thoughts, along with input from various sources. TRADE AT YOUR OWN RISK. I AM NOT RESPONSIBLE FOR YOUR TRADING EXPERIENCE.
If you drill down to the hourly, you will see that it's broken the trend line up on the up side, indicating a possible buy opportunity.
FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is no guarantee of future results. I am not a financial adviser nor am I offering any advise to you as to how you might trade or invest your money. Charts and analysis are a mixture of my own thoughts, along with input from various sources. TRADE AT YOUR OWN RISK. I AM NOT RESPONSIBLE FOR YOUR TRADING EXPERIENCE.