CairnesTrading

CairnesTrading

Stochastic and volume averages indicate that the price could continue to drop past the next support of $145.30. This would mean an almost complete breakout of the current ascending channel and not just a fluctuation. If the current price decrease trend continues through the next support at $144, the price could drop to $140 - though, not likely. We should see...

CairnesTrading

Will it drop through support or break out of the descending channel?

CairnesTrading

Descending channel breakout on the 1D chart - now consolidating from pullback into a reversal upward trajectory. I would probably wait until there is buyer volume average divergence on the 1H, 4H, 1D charts before a long trade.