By Claus Andersen
12. February 2020
15 min chart:
New all time high!! This is looking like a good beginning of the year. The larger time frame bull channel is working out nicely. And on the 15 min time frame a bull channel is also playing out nicely. Selling resistance works fine in a trading range until it don’t. Now the context changed to trending with higher highs and higher lows. The context we are moving out of is a trading range and 80-90% of BO attempts fail. So there is good chance this might fail too. Either that or the bulls will keep on pushing the bull channel.
A bit more detailed analysis in the video below.
Support and resistance was adjusted in the latest YouTube video:
Let’s level up together 📈
Claus Andersen
AIL = Always In Long
BO = Breakout
FBO = Failed Breakout
PB = Pull Back
