Starting from the left you see we were on a Bearish trend riding in the wedge pattern, then we gained momentum & broke out in a Bullish push.
We currently hit .251 with a slight pullback, what we need to keep an eye on is how we play off the Moving Average (Blue line). If we fall below the MA we may hit .244 then get another push towards .251 since we are in a Bullish trend.
If you take a look at the RSI you can see spot the Bullish trend, which we just broke through the top which is a strong indicator we will see the pullback too .244 which may turn into our first Low of the new Bullish trend.
Once we hit .244, if we begin pushing up towards the .251 resistance don't be surprised if we push straight through that resistance which would create a Higher High.
*Not Financial Advice
We currently hit .251 with a slight pullback, what we need to keep an eye on is how we play off the Moving Average (Blue line). If we fall below the MA we may hit .244 then get another push towards .251 since we are in a Bullish trend.
If you take a look at the RSI you can see spot the Bullish trend, which we just broke through the top which is a strong indicator we will see the pullback too .244 which may turn into our first Low of the new Bullish trend.
Once we hit .244, if we begin pushing up towards the .251 resistance don't be surprised if we push straight through that resistance which would create a Higher High.
*Not Financial Advice
