Post
Topic
Board Speculation
Re: Swing Trading Analysis 1/8/2014
by
damiano
on 09/01/2014, 01:29:14 UTC
Price is likely to remain stuck between resistance at $850 and support at $770 until Monday.  However, drilling down to the lower timeframes shows that a bearish trend could breakout if price gets below $750.  Price would then find support at $690.

we're consolidating very bullishly in an ascending triangle formation just below $850 right now on stamp, and my calculations anticipate a breakout within the next 18 hours, give or take. we still have a lot of volatility to work through after the panic selling we saw yesterday, so i'd be surprised if we stay within that range until Monday.

Breakout up or down?