This is a very clear example of a breakout of a very relevant resistance zone, why is this relevant? for the time and the magnitude of line. because I take it 3 years and 4 months approximately after the price fell below 21.00 and now it go above the 21.00 level, and the manner of who the price cross the resistance line now, imposing with property (Big weekly green candle) above the 21.00 level and the most important now is the clean pullback easy to identify now I watching how the old resistance becomes support and If I look further back I can identify new higher highs and higher lows, the price is trending now and it leave the channel in which it was.
The price target is? look the past resistance
Weekly charts are boring, Not for me, this is the only way to look the big picture this kind of channel breakout take 3 years and 4 months to cross the resistance line this no happen all days every 15 minutes :(
The price target is? look the past resistance
Weekly charts are boring, Not for me, this is the only way to look the big picture this kind of channel breakout take 3 years and 4 months to cross the resistance line this no happen all days every 15 minutes :(