Price had been trading inside a corrective structure, where sellers attempted to push price lower but failed to gain full control. Instead, buyers continued to defend key levels and gradually built pressure.
Eventually, price broke above the descending trendline with strong momentum, signaling that buyers are starting to regain control and the previous bearish pressure is weakening.
If price retests the breakout area and holds above it, that would provide a stronger confirmation for continuation, showing that buyers are ready for the next impulsive move higher.
My target would be around 233.00.
Eventually, price broke above the descending trendline with strong momentum, signaling that buyers are starting to regain control and the previous bearish pressure is weakening.
If price retests the breakout area and holds above it, that would provide a stronger confirmation for continuation, showing that buyers are ready for the next impulsive move higher.
My target would be around 233.00.
Trade ativo
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.