Hi everyone, let's get to the point!
4h graph shows us a falling wedge, going near the uptrend bottom line (in red), the support level I mentioned in other ideas. With that said, we can expect a breakout in next 4 to 12 hours, and the target is near the strong resistance area.
Go Bulls!
4h graph shows us a falling wedge, going near the uptrend bottom line (in red), the support level I mentioned in other ideas. With that said, we can expect a breakout in next 4 to 12 hours, and the target is near the strong resistance area.
Go Bulls!
Note
And the RSI going under 30 shows us that the breakout has a good chance of happening.Note
Bears tried to take prices out of triangle, but it's back to the falling wedge.
We need a breakout with lots of volume.
Go Bulls!
Note
Possible breakout with retest of former resistance acting as a support! Textbook falling wedge.
New resistances between 8100 and 8500, target at 9000
Go Bulls!
Note
To complete, Bullish cross in MACD and rising RSI
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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.