hiteni had two scenarios, the best case was a bounce off the...

hiten

i had two scenarios, the best case was a bounce off the green line, the worst was a bounce off the red line.

perhaps the former is playing out? swing around the green arrow and then next leg up to 60c in march?

the former is more desirable technically, because it is a continuation of measured moves and still bullish, whereas the latter would form an ascending broadening wedge, not a good formation.

seems to fit in with the fundamentals timeline too.