on monthly long term chart first it upmove
in upward channel ,but than break down ,
now after making bottom it started upmove ,
and now at lower trendline of channel again.
will it face resistance or able to reenter
in main upward channel.
present pattern left maximum upside upto 245.
indicator overbought.
may be in long term may go much more
but
one want to observe upside must able to see retrace too.
decide on ur own.
in upward channel ,but than break down ,
now after making bottom it started upmove ,
and now at lower trendline of channel again.
will it face resistance or able to reenter
in main upward channel.
present pattern left maximum upside upto 245.
indicator overbought.
may be in long term may go much more
but
one want to observe upside must able to see retrace too.
decide on ur own.