Weekly candle going higher and our expectation to close above the previous unmet expectation firstly
Next obstacle is a median line of greatest channel from the previous crash. Ideally, we want to close above it, of course, and never go below it again
There is also upcoming red 9 that cannot be ignored
Candles pattern after expected move will most likely look like a cup & handle figure (about $600 range)
All in all could be a good sign, at least to try to close above 4784.73
Next obstacle is a median line of greatest channel from the previous crash. Ideally, we want to close above it, of course, and never go below it again
There is also upcoming red 9 that cannot be ignored
Candles pattern after expected move will most likely look like a cup & handle figure (about $600 range)
All in all could be a good sign, at least to try to close above 4784.73
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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.
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.