7203 has been in bearish trend (correction) for a while after making All Time High.
Formation of LL, LH respecting a descending trendline resistance (Triangle Top)
Recently has made a double Bottom confluenced with Golden Pocket, Good Support Level.
Breakout of Descending Trendline is observed for first time in a while.
After retest, trendline is respected (acting as support).
Long position above horizontal resistance line can be taken (confirmation after formation of HH)
Bullish trend will be confirmed after formation of HL
Trade with SL
Formation of LL, LH respecting a descending trendline resistance (Triangle Top)
Recently has made a double Bottom confluenced with Golden Pocket, Good Support Level.
Breakout of Descending Trendline is observed for first time in a while.
After retest, trendline is respected (acting as support).
Long position above horizontal resistance line can be taken (confirmation after formation of HH)
Bullish trend will be confirmed after formation of HL
Trade with SL
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.