Trend (LT): Bullish above the 200 SMA Trend (CT/MT): Bearish below EMA 7 / SMA 20 Price bounced back to SMA 200, plus stabilization in gold zone (neutral) ROB Breakout Monitoring Wait for potential crossover of EMA 7 with SMA 20 Buying above 47.29/47.30 (approximately) (13% at stake if successful) The stop loss (SL) position will depend on the candle...
A correction is possible following the bearish pine bar. However, it is better to wait for the price to cross below the SMA 10 and 20. I am not a seller; I rather wait for a safe return, or near the bottom of the canal. In the orange zone, I will watch for a bullish setup. This analysis does not constitute financial advice, but rather an expression of my own vision.
The price could make a double dip. If breakout / close above the neck line, the probability of reaching 67.45 is possible. This analysis is not advice, but my personal vision.
The trend seems clearly bullish. Price is holding above the 200-period exponential moving average (200 EMA). As long as the price remains above 5112.60, which corresponds to the lower Bollinger band in addition to the channel median (see red cross), the uptrend is maintained. In the event of a break below 5111.60, there is a high probability that the price will...
Downtrend/dangerous. The price came on an LT mount. A Wolfe wave is emerging. TP No. 1 is statistically point 4. Make your own opinion based on your setups/strategies.