Had a breakout from the major descending channel.
A new HH and HL has formed.
Second tap on support trendline which also aligns with a key level.
Currently price is at the golden fib zone right in between 50 and 61.8
Looking for further bullish momentum to give us a new HH which would also give us that 3rd tap on the resistance trendline and align with the daily level.
Divergence is also present on the R.S.I
One to watch guys as we are at a key area.
A new HH and HL has formed.
Second tap on support trendline which also aligns with a key level.
Currently price is at the golden fib zone right in between 50 and 61.8
Looking for further bullish momentum to give us a new HH which would also give us that 3rd tap on the resistance trendline and align with the daily level.
Divergence is also present on the R.S.I
One to watch guys as we are at a key area.