here is my SLR chart, and I am struggling to interpret it adequately.
Here is what I see and have marked:
*/ there is a pronounced channel marked with fat red lines starting December 2011.
*/ From second low at Mai 16 a symmetrical triangle has formed.
*/ The upper resistance of this channel has been broken a couple of days ago after closing the gap formed by the IGR takeover ann.
*/ Next upward resistance is at 3.025 being the 50% Fib-line.
Gut feeling tells me that this is all bullish, but can't find the right pattern describing what's going on here.
Is anyone interested in adding a few pence?
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here is my SLR chart, and I am struggling to interpret it...
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