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.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.