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Spikes
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Spikes
Posted 1/24/2024 10:55 (#10591020 - in reply to #10590970)
Subject: RE: Spikes


It's approaching the cycle highs here...the breakout resistance for today is located at 84.57, you would need to close above that to signal another up day. There is a cluster of reversals here with the first one being the 81.80 line...So it may put in a reaction high here on a daily level...that would be good for a 1-3 day correction. Will have to see how it closes today.

The weekly is setting up for a phase transition...and the monthly is showing a temp low along with the quarterly chart...so this is looking pretty bullish here. 


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