Sunday, February 02, 2014 11:31:31 AM
The (red) long term indecision triangle pattern has been nullified with the recent breakout. But long term support remains along the rising bottoms line (red) currently at .006 which held during an intra day challenge this week.
An intermediate term rising bottoms line (blue) is the base for the uptrend channel. However persistent resistance at .01 has created a wedge (blue). Should that pattern be broken to the upside with a close above .01 then a new bottom would be formed and higher resistance levels could be challenged at the previous peaks: .014, .016, .021, .03 and beyond.
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