Scope 0028
Overall in the bigger picture, prices are in an uptrend. However after zooming in to the current few months, we can see that prices are actually in a range.
Fast forward to recent weeks, we can see that prices were starting to resume it's uptrend. The most obvious hint of that happening is when prices breaks above the Balancer, which I called the Reversal of Fate Pattern. Which means that prices are reversing it's fate from going down to up.
However, a last confirmation is needed whereby prices needed to break above the Combo Critical Fibonacci Resistance ONLY we can consider the Uptrend to be confirmed. If prices are unable to break this last barrier then a continuation range will happen.
Let's Observe.
Industry: Industrial Materials, Components & Equipment.
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