the breakout to 6900 which found support at 5800 is a higher low . the 6900 breakout is the continuation break out after the original 6k break out. because the support was held for the 2nd breakout that is the continuation signal for bullish
stop loss around 5600.
!WARNING!once previous break out candles lows are broken thats a sign of trend reversal
Todays close needs to be above 6.1k for the bullish trend too still be confirmed but my idea is that 6300 area we hit this morning is the daily low .
Profit target at 7.3k to 7.6k
stop loss around 5600.
!WARNING!once previous break out candles lows are broken thats a sign of trend reversal
Todays close needs to be above 6.1k for the bullish trend too still be confirmed but my idea is that 6300 area we hit this morning is the daily low .
Profit target at 7.3k to 7.6k
Trade active
6.4k held with a huge wick after the triple bottom on the hard support trading above the 99ma for multiple days now using as a support. 200 day ma is the resistanceTrade active
took small profit around 6800 and reentering at 6500 6600 area scaling in
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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.