let's get back to the business..
to be frank, I do not like what I see on the chart...
the beast moved erratically in a low volume market during the year-end holiday...
let's take a look on the daily chart...
price moved within two converging trendlines, forming a falling wedge pattern...
price made a new low (129.82) on Dec 30th...
however, price bounced up and rose above the upper trendline on Jan 2nd...
in a normal day, I would have declared that the downtrend has ended...
however, the bulls still need to break 139-140 resistance zone to win the battle....
furthermore, the fundamental outlook is still dovish at the moment...
meanwhile, my current bias is neutral and will take a trade at a time... B-)
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