Falling wedge formed here. Friday we closed at resistance.
A break out and we head to 105
A rejection and we melt down to finish and close gap at 99.50
Daily Candle finished with a bullish engulfing.
Usually falling wedges have a retest of there former resistance after breaking out. So we could breakout, rally to 105 , then pullback and retest and also close gap at 99.50.
A break out and we head to 105
A rejection and we melt down to finish and close gap at 99.50
Daily Candle finished with a bullish engulfing.
Usually falling wedges have a retest of there former resistance after breaking out. So we could breakout, rally to 105 , then pullback and retest and also close gap at 99.50.
