I am looking for a break higher but we are likely to see some kind of a pullback or consolidation before the market decides to break out of this multi-year consolidation (as seen in the HTF charts) or not. Market deciding to give us another bear leg is of course a possibility (In fact, I think there's a high probability that will happen in the short term so a break higher would be a surprise move for the market and could be explosive).
But a Weekly or Monthly close above 57.00 should be pretty significant.
But a Weekly or Monthly close above 57.00 should be pretty significant.
Note
Market actually trying to break out currently! Looking for a weekly close above trend line (>57.00) and, ultimately, a monthly close (which is just in a few daays) to confirm.
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