We are in a nice bullish trend and have a strong monthly rejection. At the start of the week we have a resistance (3420) which we have broken through. A pullback is quite possible but overall very bullish
Overall, we are very bullish, and the last candle also shows me that we want to move further upwards because we closed very bullish. On the daily chart, we see a clear pullback, but now we have closed above the resistance line. A pullback is expected, and then it will continue to go long.
The monthly chart already gives me a lot of information. The last candles were all bullish, and now we have a nice wick rejection. The weekly chart clearly shows the weekly trend and has closed above the last two weekly candle highs. This indicates clear momentum. Based on the monthly and weekly charts, I have all the important information: clear...
We are in a clear uptrend. The weekly chart clearly shows that we had no clear direction for two weeks and now we have a strong bullish weekly candle. What's very important is that we closed above the resistance that has been tested multiple times in the past. So for me, it's a clear signal that we will continue to rise.
We are in a clear uptrend. The weekly chart clearly shows that we had no clear direction for two weeks and now we have a strong bullish weekly candle. What's very important is that we closed above the resistance that has been tested multiple times in the past. So for me, it's a clear signal that we will continue to rise.