If the current upward trend continues we may break-out from the channel. If so I'm guessing we'll have a strong correction from around the previous top at 680, down to somewhere in the middle of the channel I've drawn, which also happens to be a previously strong support/resistance level.
After that we might climb up again if the positive sentiment stays. If not, breaking channel lines downwards would be a sell signal.
Breaking out from the triangle at the end of my prediction could potentially be the start of another great upswing, but we'll see about that.
After that we might climb up again if the positive sentiment stays. If not, breaking channel lines downwards would be a sell signal.
Breaking out from the triangle at the end of my prediction could potentially be the start of another great upswing, but we'll see about that.