First resistance level is neckline from head&shoulder formation and the second one is 15.6. This is where we got rejected several times, the latest one got me curious because it was really hard rejection. Which in my opinion is kind of strange bcoz we are testing that level for the 5th time. Thats was a really weird one but i see bullish consolidation within the flag. The recent outbreak downwards seems false bcoz we recovered from it. An other aspect is the indikator. The Stoch is showing a bullish divergence in my opinion and thats something i really like :) :P
So to make this easy, i predict that the price is heading towards new all time high above 17 in very short time. As long as we stay above the support line. It would be nice to see a break throu above the resistance level with high volume :)
I have been waiting for a bullish breakout couple of days now so dont forget to have a exit plan :)
Not a financial advice, just a rookie in action :)
dont forget to comment :)
So to make this easy, i predict that the price is heading towards new all time high above 17 in very short time. As long as we stay above the support line. It would be nice to see a break throu above the resistance level with high volume :)
I have been waiting for a bullish breakout couple of days now so dont forget to have a exit plan :)
Not a financial advice, just a rookie in action :)
dont forget to comment :)
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