Perhaps retest the bottom of the channel or trend line
Then a possible move up to try the 7200 sat area
Just one way I've looked at this, neither a hard prediction nor a trading suggestion.
Just one way I've looked at this, neither a hard prediction nor a trading suggestion.
So far, analysis proves accurate. Touched the bottom of the channel around 5300-5400 and now moving slightly up and sideways. Expecting upward move to 7000-7200 in 2-3 days.