After the rebound we are now consolidating just below the 50MA and a nice bullish pennant is forming confirmed by volume development.
A break on the downside is quite unlikely at this stage but it can see us retesting 9800 if this happens.
A more likely bullish breakout will lead us to a short term rebound to 10800 dollars.
For longer timeframes click below to the Cup and Handle analysis.
Trade safe.
A break on the downside is quite unlikely at this stage but it can see us retesting 9800 if this happens.
A more likely bullish breakout will lead us to a short term rebound to 10800 dollars.
For longer timeframes click below to the Cup and Handle analysis.
Trade safe.
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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.
Copy automatically my trades on 1broker!
1broker.com/?r=47614
1broker.com/?r=47614
Related publications
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.