-Found support at the .886 -Bulls have recently defended 50 RSI on the daily -Price contraction in a symmetrical triangle for over 2 months indicating breakout potential -Recent price support is being found at the 25d MA -Finding resistance at the .786
The strongest trade opportunity here I believe will be once the .786 is broken and tested as support. Long the .786 after breakout and have a target of the .618 at 17,700.
Commento
⋅
Still consolidating!
Commento
⋅
We have a breakout ATTEMPT out of both symmetrical triangles. At the moment, GVT is re-testing for support on the breakout. Look for an entry if you see support hold