Price has reached the . 786 retracement of the last upwards impulse which coincided perfectly with the demand line.
Assuming it keeps the trend it should be making a higher high next.
I expect a few days of trading within the triangle before going for a breakout. Next target around $1.3, price of the last set up
After that we'll probably see a retest of the last local high($.99) with a possibility down to the previous resistance line of the triangle.
Beware that if price fall below the triangle it could see $0.59 and $0.52 rather quickly.
Assuming it keeps the trend it should be making a higher high next.
I expect a few days of trading within the triangle before going for a breakout. Next target around $1.3, price of the last set up
After that we'll probably see a retest of the last local high($.99) with a possibility down to the previous resistance line of the triangle.
Beware that if price fall below the triangle it could see $0.59 and $0.52 rather quickly.
