After a nice bull break this morning, bulls are getting held up at the $609 level. The good news is that there seems to be rejection at the $602 level and we are seeing this hold up as solid support for now.
Volumes are tapering down, so the consolidation at this level is a good thing. I'm anticipating a tightening range and then a bull break once prices stabilize.
I didn't draw it out in the chart, but we can also see a reverse head and shoulders chart pattern happen on the 1-hr. This is a great sign and another factor for why I'm predicting a bullish breakout from the current short-term consolidation.
$600 is the floor below $602.
Thanks for today’s update! Some great info in here
Thanks! Just posted another about the break.
Good Information
Thank you guys
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