3/21 Update:
Price bounced off support at 139 and is now higher than the previous 4h pivot high and almost breakout out of the descending triangle. A break above 140.50 signals a buy opportunity with stops below 140 and 139.00;
Alternatively, a break below 138.90 issues a very big sell signal. Traders will view the lack of momentum higher as very bearish.
Price bounced off support at 139 and is now higher than the previous 4h pivot high and almost breakout out of the descending triangle. A break above 140.50 signals a buy opportunity with stops below 140 and 139.00;
Alternatively, a break below 138.90 issues a very big sell signal. Traders will view the lack of momentum higher as very bearish.