At resistance (7000), 0.5 Fibonacci extension, and 100 Week Moving Average (not shown)
Watching out for a potential decision point.
Not sure if we are in an Ascending Triangle or a Rising Wedge (one can be more bullish, the other is typically bearish)
Ascending Triangle: www.dailyfx.com/educ...ending-triangle.html
Rising Wedge: www.dailyfx.com/educ...ns/rising-wedge.html
Long term, we are still holding on the 200 Week MA (not shown)
Watching out for a potential decision point.
Not sure if we are in an Ascending Triangle or a Rising Wedge (one can be more bullish, the other is typically bearish)
Ascending Triangle: www.dailyfx.com/educ...ending-triangle.html
Rising Wedge: www.dailyfx.com/educ...ns/rising-wedge.html
Long term, we are still holding on the 200 Week MA (not shown)
Channel is now resistance. 50 Fibonacci extension is acting as resistance as well.