Looking at the DAILY picture, a "Diamond" pattern is in progress and is currently trying to upside breakout the downtrend resistance line of this bullish pattern.
Last but not least, the Kijun-Sen or Base line also coincides with the upside breakout level of this Diamond pattern, which if broken would also give, an additional
confirmation signal, calling for further upside.
TECHNICAL TARGET OF THIS DIAMOND PATTERN IS @ 9.52 or roughly the Daily top clouds resistance area !!!
WEEKLY (W1)
Weekly clouds hold and rejected, for the time being,several successive downside breakout !
A weekly closing above $ 7.03 would be very positive and would open the door for higher levels.
Next target being @ $ 7.66 ahead of the cluster @ $ 8.83 - $ 9.00
On my own account I would put in place a Risk Reward ratio of 1:3 !!!
Ironman8848. & Jean-Pierre Burki
Last but not least, the Kijun-Sen or Base line also coincides with the upside breakout level of this Diamond pattern, which if broken would also give, an additional
confirmation signal, calling for further upside.
TECHNICAL TARGET OF THIS DIAMOND PATTERN IS @ 9.52 or roughly the Daily top clouds resistance area !!!
WEEKLY (W1)
Weekly clouds hold and rejected, for the time being,several successive downside breakout !
A weekly closing above $ 7.03 would be very positive and would open the door for higher levels.
Next target being @ $ 7.66 ahead of the cluster @ $ 8.83 - $ 9.00
On my own account I would put in place a Risk Reward ratio of 1:3 !!!
Ironman8848. & Jean-Pierre Burki
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.