If the BULLS can brake out of the descending Channel then they have another resistance line at $8737.38.
The bulls must brake the fist Fibonacci level which is the 0.236 for the trend to have a chance of turning from bearish to bullish.
but as we see the 21 weekly MA has crossed the 200 weekly MA which could lead to a false brake out.
The bulls must brake the fist Fibonacci level which is the 0.236 for the trend to have a chance of turning from bearish to bullish.
but as we see the 21 weekly MA has crossed the 200 weekly MA which could lead to a false brake out.