I took the biggest timeframes, marked the support and resistance and moved down through the timeframes.
If the trendline will hold, I expect a rise or even a bounce from it (trendline), If we break the monthly resistance of 293 I expect a spike to 350 or even more.
SAFE TRADING AND REMEMBER, SMALL/BIG WINS AND ONLY SMALL LOSSES :D
If the trendline will hold, I expect a rise or even a bounce from it (trendline), If we break the monthly resistance of 293 I expect a spike to 350 or even more.
SAFE TRADING AND REMEMBER, SMALL/BIG WINS AND ONLY SMALL LOSSES :D
Note
Weekly resistance touched and it did not broke out (301.9 see the blue line).I think the price will fall back to the accumulating zone than retest the resistance again.
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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.