its kind of ambitious as of now, but just a though. i'll continue to update the chart as we go forward
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some nice divergence on a huge rising wedge
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We're coming up on an important area , if the red boxed area is in fact resistance , Iexpect a drop into the 1780s. depending on what happens there, should dictate what happens next. I believe that by the end of the month price will hit the 1730-1727 area. then possibly bounce up again. eventually i expect price to get sub 1700 again but it may be a while until that happens. All this depends if this area is the resistance and as in the prior update, we are near the top of the ascending wedge , rising on thin volume. happy trading...
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www.dropbox.com...0-07-15 (5).png?dl=0 this is a screen shot of the last time i seen a similar set up