The bulls have been in strength and pushing the price to new high levels, The price is at extreme levels and there is possibility for one more push up and then fall the test the downward of the trend on weekly basis. The price has already made HH on weekly basis and hitting the top of the ascending channel being manifested on the chart . Price is more likely to test 3118/3138 areas and then price would surely fall sharply to hit the down line of the ascending channel lies at 2800/2780 areas . This is my own observation based on my 11 years of practical experience.
Note: If price keep pushing higher above the trendline and manage to close daily or 4 hour candle above 3118/3138 areas , then bulls are more likely to hit 3150/3168/3214 areas.
Feel free to ask more about potential move of the goal
Note: If price keep pushing higher above the trendline and manage to close daily or 4 hour candle above 3118/3138 areas , then bulls are more likely to hit 3150/3168/3214 areas.
Feel free to ask more about potential move of the goal
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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.