Those that know me are aware that I look for entries on breakouts of ranges, former highs and lows etc and have a tendency so spot very fast scalping moves calling some of them on the Zerpbox.
So we have been in a range since the high @ 42c and the swing low of that high at 12c featured below, the low generated a good support level at around the 21/22c area and the high a good resistance area at around 31/32c which day traders might look to make entries on. We needed to break up of 32c a couple of weeks ago some of you might remember people talking about that level as being key. Whats happened since is the main range has created a couple of smaller ranges all visible in the polo screen shot below.
Now I hate chart patterns but all these smaller ranges failing to break have generated a symmetrical triangle which has a high probability of a break upwards (apparently).
Just an insight....