HO HO HO... We clearly broke above the 1,256 resistance and the next target to look for is at 1,292. But look closely at the chart and you will notice, that an inverted S/H/S bottom was triggered with the break above 1,256 and a target near 1,356. Along the way to the S/H/S target strong resistance will be found at 1,292 and in the 1,299 - 1,300 area. So be aware if one of these resistance points turns prices clearly back below the neckline.
Have a Merry Xmas.
No comments:
Post a Comment