Changed up the channel slightly to use the earlier one...Pretty ripe for this to be the end of bear mode here. I'm fully long.
Kommentar:
Possibly the last major pullback before serious liftoff into summer here. Price needs to stay above $490-$500'ish to stay within the trend channel though.
Kommentar:
This one's hanging on by a thread. I'll give it a little leeway (like perhaps one more drop between $490-$504) but it had better jump up back above the bottom trendline for this to still be intact.
Alternatively a consolidation sideways looks like a lower-probability possibility.