Hey Missionx
Short term resistance must be taken out first..
Gap resistance at 1-85 to overcome by a close higher than 1-85...that is what i am looking for to signal a nice bounce.
Chart looks like this, I plugged in todays open and low, obviously the high and the close will not be correct, i just used 1-80 as that was the market price when i checked.
What is great to note is the 1-63 low has held 3 times.
Also I see a sideways channel between 1-63 and 1-85 ish over the last 3 weeks, a close above 1-85 would simultaneously see a break out of the channel and the end of the "gap" resistance.
My take on things only, I have been fully expecting a rally for a month now.. lol.
cheers
Commy![]()
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