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My answer to the title question is a resounding YES! Let me count the ways.
1. After more than one month's good work, it climbed 600 pips to 128.00. The path has been direct and simple with a perfect trend line. Currently it is having a correction but rebounding right from the same trend line.
2. The V-shaped bottom area ABC (see chart below) constitutes a very solid support to withstand the current tumultuous market, and sustain a steady rally.
3. With a little imagination, once the current rebound reaches the previous high of 128.00, it effectively creates a cup and handle pattern that is considered a bullish stance.
4. Breaking above 128 means that it is free to move up until next resistance 132.40, a whopping 440 pips of profit room.
What are you waiting for? Take advantage of the current pull back and get this good price! Once shooting up, it would never come back down, until you are full of grey hair!
1. After more than one month's good work, it climbed 600 pips to 128.00. The path has been direct and simple with a perfect trend line. Currently it is having a correction but rebounding right from the same trend line.
2. The V-shaped bottom area ABC (see chart below) constitutes a very solid support to withstand the current tumultuous market, and sustain a steady rally.
3. With a little imagination, once the current rebound reaches the previous high of 128.00, it effectively creates a cup and handle pattern that is considered a bullish stance.
4. Breaking above 128 means that it is free to move up until next resistance 132.40, a whopping 440 pips of profit room.
What are you waiting for? Take advantage of the current pull back and get this good price! Once shooting up, it would never come back down, until you are full of grey hair!
