We need the two signals.
This week it touched the lower trenline of daily channel. yet no candlestick confirmation.
1st, candle stick pattern close on weekly basis.
2nd: Quaterly report is expected in next two weeks which will confirm the technical movement.
A positive report will boost the bullish sentiment to first 70 area and upon break the trenline resistance, it will move further to 100.... matlab century to marega..
A negative report will dump it and price may drop to its monthly fibb level at 60% around 45 area.
Lets' wait and see. I will think about the position next week upon weekly candlestick closure.
This week it touched the lower trenline of daily channel. yet no candlestick confirmation.
1st, candle stick pattern close on weekly basis.
2nd: Quaterly report is expected in next two weeks which will confirm the technical movement.
A positive report will boost the bullish sentiment to first 70 area and upon break the trenline resistance, it will move further to 100.... matlab century to marega..
A negative report will dump it and price may drop to its monthly fibb level at 60% around 45 area.
Lets' wait and see. I will think about the position next week upon weekly candlestick closure.
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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.