Pattern: A bullish pennant pattern has formed, signaling a potential upward continuation.
Breakout Confirmation: Price has broken the daily short-term downtrend line and is retesting the breakout zone, which suggests potential for a strong upward move.
Support & Resistance Zones:
Support Levels: S1 (≈ 3325), S2 (~3270)
Resistance Levels: R1 (~3350), R2 (~3375), ATH & Resistance 3 (~3425)
Entry Zone: Price is in a buy zone, reinforced by a bullish spinning top candlestick and alignment with an uptrend line.
Stop Loss: Placed just below Support S2 (~3270)
Take Profit (tp): Near ATH zone (~3425)
Breakout Confirmation: Price has broken the daily short-term downtrend line and is retesting the breakout zone, which suggests potential for a strong upward move.
Support & Resistance Zones:
Support Levels: S1 (≈ 3325), S2 (~3270)
Resistance Levels: R1 (~3350), R2 (~3375), ATH & Resistance 3 (~3425)
Entry Zone: Price is in a buy zone, reinforced by a bullish spinning top candlestick and alignment with an uptrend line.
Stop Loss: Placed just below Support S2 (~3270)
Take Profit (tp): Near ATH zone (~3425)
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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.