We hit the $13,500 resistance: Now What?
I'm looking for a PULL-BACK and some consolidation before we break the $13,500 resistance.
SCENARIOS:
If we do break $13,500 then $13,500 will become the new support. I think this is unlikely.
We may consolidate right below $13,500, if this happens it would be a good time to enter the market.
Most likely: We PULL-BACK to the support line before retesting $13,500. The support line is a great entry point.
SCENARIOS:
If we do break $13,500 then $13,500 will become the new support. I think this is unlikely.
We may consolidate right below $13,500, if this happens it would be a good time to enter the market.
Most likely: We PULL-BACK to the support line before retesting $13,500. The support line is a great entry point.
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