RE: Breakout before 11? Two converging resitaance bands20 Jan 2021 10:10
Hi Rmac,
Buyers are very happy to buy at 1.10, sellers were happy to push the price down from 1.80, today the market pushed them together and forced one of them to be exhausted, as I suspected, it broke out on the upside as there was far too much buying power at those prices. MM’s are done, looks like we’re free to go for the time being, depends if they have anymore reserves.