With respect there Hoots I think we need to consider potential...

With respect there Hoots I think we need to consider potential resistance in a different price environment now rather than looking at previous resistance..imo resistance now is more likely to be an over extension of the current price rather than stale bulls or the TA`ers looking at previous peaks ..have a good  look at the long term moving average ribbon here...during the previous major down trend price was constantly under selling pressure and as a result was failing at all the 62% Fibs (resistance) now pressure according to the ribbon has eased off and reversed now its breaking long term 62% Fibs to the upside..along with the ribbon being inverted now the weekly MACD has also moved above the axis line for the first time in 2.5yrs...