Have been alluding to breaking the $1.10 level for a while now. It was the 50% level on the weekly candle on the 16th. Also the opening price of the bearish daily candle on the 15 Nov that traded 9.3 mil. If you look at the hourly today we broke 1.10 but started selling around $1.12. We are now at the outside the trading range on the daily. After the 9 bar run (a 2sd move from the mean) I am expecting some sideways price action which means we are absorbing the selling at this level.The hourly is flipping between a hammer & a doji or long lower shadow (rejecting lower prices - demand).(looking at the 2nd candle). (note: closes of the 3 candles are now outside the upper band - bullish but stretched ) Next hurdle $1.15.(hourly) (daily) (weekly)
TYR Price at posting:
$1.12 Sentiment: Buy Disclosure: Held
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