Price has reached the June 2010 high and put in a long wick
candle, bouncing off the 3rd quartile of a larger Pitchfork.
The weekly close is however bullish and bias is towards further gains.
Still, we might see a bounce from here, or a consolidation.
The natural target stands at Yearly R1 at 8,34. A correction
should be supported by Monthly R1 at 7,98.
candle, bouncing off the 3rd quartile of a larger Pitchfork.
The weekly close is however bullish and bias is towards further gains.
Still, we might see a bounce from here, or a consolidation.
The natural target stands at Yearly R1 at 8,34. A correction
should be supported by Monthly R1 at 7,98.