We stayed out of this rally by a few cents unfortunately. Price couldn't come back to the FIBO level I was waiting for.
It's looking quite bullish now. But don't enter now. It would be chasing the price...
I would wait a 200 EMA testback (also the 2.17$ breakout testback) and maybe maybe the 50 EMA testback...
These are the levels where I would enter with a long position...
Don't forget : it's a volatile commodity so testing back the green trendline is not out of the table...
It's looking quite bullish now. But don't enter now. It would be chasing the price...
I would wait a 200 EMA testback (also the 2.17$ breakout testback) and maybe maybe the 50 EMA testback...
These are the levels where I would enter with a long position...
Don't forget : it's a volatile commodity so testing back the green trendline is not out of the table...