🚀 Dixon Technologies on the Verge of a Breakout! 🚀
Looking at the 4-hour timeframe, we see an interesting setup forming. Dixon Tech has shown resilience by bouncing off a well-established channel that’s trending upward. It’s touched the upper trendline multiple times, giving us a potential double top scenario. 📈
However, the latest breakout from the downtrend suggests momentum could be brewing! 🧐 Will we see another double top formation, or will this rally break through? Key levels to watch: Potential upside targets are in the range of 14,830 to 15,550, with resistance zones marked out.
If you're waiting for an entry, an ideal dip toward 14,200 could be the sweet spot. Bulls need to keep an eye on 13,870, as breaking below this would invalidate the bullish setup.
The market's moving fast—are you ready to ride the next wave? 🌊💥 Let’s see how this plays out!
Looking at the 4-hour timeframe, we see an interesting setup forming. Dixon Tech has shown resilience by bouncing off a well-established channel that’s trending upward. It’s touched the upper trendline multiple times, giving us a potential double top scenario. 📈
However, the latest breakout from the downtrend suggests momentum could be brewing! 🧐 Will we see another double top formation, or will this rally break through? Key levels to watch: Potential upside targets are in the range of 14,830 to 15,550, with resistance zones marked out.
If you're waiting for an entry, an ideal dip toward 14,200 could be the sweet spot. Bulls need to keep an eye on 13,870, as breaking below this would invalidate the bullish setup.
The market's moving fast—are you ready to ride the next wave? 🌊💥 Let’s see how this plays out!
Trade closed: target reached
All three targets done! 
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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.