I expect this to break upwards past the 10.8k resistance and push us towards the next resistance levels at 11k to 11.2k. It is important to notice the green trend line that is above the bullish pennant which is the trend line from the All-Time High. This could also be resistance that we continue to reject from. If we break that ATH trend line sharply I expect a more bullish follow through up to 11.2k if it is slower with less volume 11k might be the top of this short term move.
I am still in my long from 9925, will be looking to take profit around the 11k to 11.2k range. Also looking to re-enter a long after there is a pullback from 11k area to mid 10k again before we attempt to re-test the 11.7-11.8k resistance that we rejected and dumped so hard from a week ago.
I am still in my long from 9925, will be looking to take profit around the 11k to 11.2k range. Also looking to re-enter a long after there is a pullback from 11k area to mid 10k again before we attempt to re-test the 11.7-11.8k resistance that we rejected and dumped so hard from a week ago.