That yellow support line at $15 is a fortress!
Traders must be milking these rotations.
Back above the 50 Day MA and bounced 20% on the trend line again but needs to make a higher high above $21 to get out of this consolidation.
Holding above $21 and the top yellow line is the next test at $23.50, breaking above this level at Wave 5 remains at the target at $25.63
Niki Moore
2024-07-18 15:28:50 +0000 UTC