Hello Friends,
I think that it is just a healthy correction of rally. Resistance line became support and if bulls keep the price above the 7280$, uptrend continuation is likely to take place. I am long with tight stop.
Finally, if the support at $7280 is broken, next support is seen at $6800, which is 786 Fib Level.
I think that it is just a healthy correction of rally. Resistance line became support and if bulls keep the price above the 7280$, uptrend continuation is likely to take place. I am long with tight stop.
Finally, if the support at $7280 is broken, next support is seen at $6800, which is 786 Fib Level.