190-200 & 235, but test back of the floor first?
It has been accumulating nicely at the 144 are, which I could expect more testing of the floor before it moves higher. For a rise to 200, and 238 on maintained demand. A break upside the 170 area on sign of strength , which is the upper range of the cycle would make me look for a retest of it on light supply, signaling that price is in fact living it.
A break back under 140, which would surprise me considering how it has been absorbing supply nicely there and decreasing it since it got there. But if it would, I would look for more testing of the 120 area and look for supply calming down there.
Daily
Notice how the supply become less and less able to move price aggressively as it goes through the cycle. Especially since the 20th.
Weekly
Monthly
Update will be provided as price moves.
A break back under 140, which would surprise me considering how it has been absorbing supply nicely there and decreasing it since it got there. But if it would, I would look for more testing of the 120 area and look for supply calming down there.
Daily
Notice how the supply become less and less able to move price aggressively as it goes through the cycle. Especially since the 20th.
Weekly
Monthly
Update will be provided as price moves.
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