The chart shows multiple indications that things are looking very bullish, but what bothers me are the massive resistances coming up. one after the other, and until we break 1.5 we far from being in the clear.
Then there is that oversold RSI thing, dude how many days can you possibly stay over sold?
I guess will have to wait and seem, but I believe we are definitely in a "no buy zone" if you are a conservative trader, and "accumulation zone" for more gutsy people who believe things are still moving up... look the swing says so... right ?
I am in with what I got, and I am waiting to see how this battle plays out till I commit more of my lunch money to it ;)
NovaScorpius
Then there is that oversold RSI thing, dude how many days can you possibly stay over sold?
I guess will have to wait and seem, but I believe we are definitely in a "no buy zone" if you are a conservative trader, and "accumulation zone" for more gutsy people who believe things are still moving up... look the swing says so... right ?
I am in with what I got, and I am waiting to see how this battle plays out till I commit more of my lunch money to it ;)
NovaScorpius
