There is a possible cup & handle pattern forming (Not an expert on this). So we need a retrace now to form the handle considering that RSI is overbought. I expect support to be at 0.382 fib level
Final confirmation is when price breaks out of the handle and later the neckline (red line).
All the best. Feedback welcome!
Final confirmation is when price breaks out of the handle and later the neckline (red line).
All the best. Feedback welcome!
Trade closed: target reached
Both targets reached
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.