The strong bullish engulfing candle convinced me that the price action will break above 83.319
and formed a right shoulder pattern, then retrace before heading higher up.
There is strong support at 83.006 and if this level is broken down, it might head to the 82.40 bullish green line. This is a possibility as well.
and formed a right shoulder pattern, then retrace before heading higher up.
There is strong support at 83.006 and if this level is broken down, it might head to the 82.40 bullish green line. This is a possibility as well.
Note
Praise Lord. I made a mistake in forecasting the right shoulder. But it thrust right up with a nice bullish candle. Some resistance met at 84.526, likely a pull back where it offers you a chance to buy. Will you take it ?Note
Praise Lord. The price has gone up by quite a bit and in fact hit our target. We are taking profits now. Expecting a correction soon.Note
while we are out of this position now, it reminded us that there are always ample opportunities to get back into the buying. Look at the number of times it is supported at 83.026.
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.
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.