As can be seen from the chart, its forming an ascending triangle which is a bullish continuation pattern. If it breaks above the triangle the target is closer to 3950, else the target is 3020 if it turns out the other way round.
Let us wait and watch.
Let us wait and watch.
Note
Later on pattern got a bit changed to a rising wedge, with target of 3967 and it has almost exactly reached that target! It is awesome!Trade closed: target reached
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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.