Now let's take a look at a daily chart:
The daily chart is at a decision point. ECU is trying to gold the breakout with the gap up from a week ago. ECU needs to follow through. We'll know shortly ... now let's take a look at a weekly chart:
Look at how nice the Fibonacci fan lines worked. I'll dedicate a post to Fibonacci fan lines and arcs in the near future. The weekly chart is at a decision point, and here too ECU looks good here too. Finally, let's take a look at the big picture:
ECU found support at .50, and it held. Looks good.
Recommendation: BUY BUY BUY