So last week we saw finally the break from resistance from EA and almost immeditately dropped to retest on Friday.
We didn't take buys as it looked like it may be a false (albeit massive) breakout on the weekly timeframe with the wick spike but we just managed to close above.
Now we wait for price action to decide our next move.
Any move back below the support see's the 61.8% and previous lower high retested.
Staying above this, and a break of the minor trendline here, we should see price retest the previous highs and push even higher to form the next Higher High.
We didn't take buys as it looked like it may be a false (albeit massive) breakout on the weekly timeframe with the wick spike but we just managed to close above.
Now we wait for price action to decide our next move.
Any move back below the support see's the 61.8% and previous lower high retested.
Staying above this, and a break of the minor trendline here, we should see price retest the previous highs and push even higher to form the next Higher High.
