So this is why I am looking at going long and trying to stay long on the EJ. As you can see from the 4hr chart, we broke the 4hr trend wall and we have new support created after a trend wall break (that is a confirmation of a trend change). We are also in and around an inner trend wall and one of my old lines around 125.09. If we can get above the 125 area then i think we may see this EJ take off. It can also turn around here and drop, so we have to be watchful off that too.
Looking at the Day chart, the last resistance that we saw was 126.90 area. If we breach this area then we have MA’s to hit , which will either cause it to turn around or stall, then off to the top of the Day trend wall.
Now keep it mind that it will go in a wave pattern until it gets there. With that in mind I will go a lil heavier on breakouts topside, buy the stops and leave them until we get a trend change (or stopped out, lol).
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