Looking for the next move to hold above 6900 for a continuation towards 6975.
Technically a Monday close with a spike with a lonq wick on the Daily chart or a double bottom or H&S on 1 hour chart where price holds above 6900 could see a move back towards 6975.
A deeper dive analysis.
At Weekly Chart we see Price had tested the All time high back in 2008.
Multiple attempts to break through where it eventually break out.
Price could hold approximately a 50-68% retracement.
Watching RSI on Daily Chart for an oversold and Hidden Divergence confluence.
We could get this move
Technically a Monday close with a spike with a lonq wick on the Daily chart or a double bottom or H&S on 1 hour chart where price holds above 6900 could see a move back towards 6975.
A deeper dive analysis.
At Weekly Chart we see Price had tested the All time high back in 2008.
Multiple attempts to break through where it eventually break out.
Price could hold approximately a 50-68% retracement.
Watching RSI on Daily Chart for an oversold and Hidden Divergence confluence.
We could get this move
