ending diagonal ltc follow up
Okay, we are into the week of March 18-24.
Was expecting low during this week but specifically on March 19 giver or take.
Price projection from weeks ago was at least $150 and then refined to $144 -146.
Under throw of last wave not unexpected so current low below $140 is okay.
The chart depicts two confirmations for the new bull market. First is a move up within the diangonal with a retest of the lower part which should act as support. Right now that line is acting as resistance as price is below that lower line.
Second confirmation is a break of the upper part of the diagonal and then a retest of it.
Was expecting low during this week but specifically on March 19 giver or take.
Price projection from weeks ago was at least $150 and then refined to $144 -146.
Under throw of last wave not unexpected so current low below $140 is okay.
The chart depicts two confirmations for the new bull market. First is a move up within the diangonal with a retest of the lower part which should act as support. Right now that line is acting as resistance as price is below that lower line.
Second confirmation is a break of the upper part of the diagonal and then a retest of it.
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