Price underwent a resistance trendline and surged from $200 up to the high $200s, about $290.
On the chart I have upper and lower bound resistances and support.
The two support and resistance lines, when combined, result in a price buffer zone.
Between these two zones, price has been ranging ever since the start of 2014, with early February 2016 being an exception when price dipped to about $140.
Here is my short position, with price dropping from $245 down to $210.
On the chart I have upper and lower bound resistances and support.
The two support and resistance lines, when combined, result in a price buffer zone.
Between these two zones, price has been ranging ever since the start of 2014, with early February 2016 being an exception when price dipped to about $140.
Here is my short position, with price dropping from $245 down to $210.