A trough is formed in daily chart at 2832.55 on 02/28/2025, so more gains to resistance(s) 3100.00, 3150.00, 3200.00 and more heights is expected.
Take Profits:
2833.00
2879.11
2955.00
3000.00
3057.40
3100.00
3150.00
3200.00
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💡H1 Timeframe:
4CastMachine AI forecasts that a Head and Shoulders pattern is likely to form on the one-hour timeframe and has drawn it.
The price target has also been drawn according to this pattern.
On this basis, if the neckline is broken, the price is expected to reach 3051.50.
3127.44 support is broken now. It will act as a Resistance now!
Given the break of the ascending trend line in the RSI, the corrective wave is expected to continue to a depth of 3055.
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.
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.