Last week I provided a less likely breakout up scenario--this is what occurred.
My personal emotional feeling is absolutely disbelief -- cue the various emotional cycle charts. The speed of the advance (after relatively vicious decline)...
The fact is, this is a rally with at least some staying power. If there is a significant retracement in the rally from the nearby resistances, we should at least expect a push to the large resistance. It the rally shoots relatively quickly to the big resistance, I would expect a significant retracement, but potentially thereafter new ATH.
The trend is up at the moment, carefully-selected long opportunities are more attractive. Shorts are dangerous in a market such as this except at strong resistance.
My personal emotional feeling is absolutely disbelief -- cue the various emotional cycle charts. The speed of the advance (after relatively vicious decline)...
The fact is, this is a rally with at least some staying power. If there is a significant retracement in the rally from the nearby resistances, we should at least expect a push to the large resistance. It the rally shoots relatively quickly to the big resistance, I would expect a significant retracement, but potentially thereafter new ATH.
The trend is up at the moment, carefully-selected long opportunities are more attractive. Shorts are dangerous in a market such as this except at strong resistance.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.