Potential falling wedge and multi-year trend line confluence, good spot R:R for a long to target 173.25 as a first stop and attempt to breakout. If 173 clears we can target 50dsma and 200dsma above at 192-197.
Long setup is void below the blue line unless there is a FBD with a wick that forms rapidly.
Long setup is void below the blue line unless there is a FBD with a wick that forms rapidly.
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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.