Where is my birthday cake?

 Check out cake and the two possible scenarios drawing out on the monthly candle 10 year chart. A monthly close above 51 gives a target of 60. A monthly close below 42 gives a target of 33.

cake_m

Some noise on the weekly candle 5 year chart. All avoided with the noise reduction power of the monthly candle close.

cake_w

The zoom on the daily candle 1 year chart shows the price action closing in on the ascending trend line.

cake_d

No cake for me yet, but my alerts are set for either bullish continuation OR breakdown back to the previous breakout levels.

 

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