This is the same chart I shared 3 days ago, with no changes.
We have a hold on the 0.5 Fib at $2522, followed by a breakout of the channel, followed by a retest of the channel from above and also making this another higher low and now we have a higher high in.
These are the bullish indicators we needed to see.
Final test will be making a higher high above the green line at $2915 and the reversal is confirmed for me.
The 200 Day MA is moving to this green line too (chart above is the 1hr chart)
So this will be an important confluence level, flipping this level to support is important now.
Craig Whitman
2025-02-17 15:03:11 +0000 UTC