Shifting trend with a succession of higher highs and lows, price has found support at the 8 and 200 ema, and a price level of 1170 which are all located in very close range to one another. Closing the day as a bullish engulfing bar in this support area signals a continuation of further bullish momentum.
entry - above high of bullish engulfing bar
stop loss - below low of bullish engulfing bar
target - around the 1220 price level
entry - above high of bullish engulfing bar
stop loss - below low of bullish engulfing bar
target - around the 1220 price level
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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.