From the previous trade, we can now see that the price have broken-out of the down trend channel.
It has also re-test the support level and reversed back to the upside.
This has created an high probability bullish channel.
We could probably expect a re-test on the the support level again on market open, else we should be rallying back to 11800.
Next week forecast: Heading back to 12000 and probably beyond.
It has also re-test the support level and reversed back to the upside.
This has created an high probability bullish channel.
We could probably expect a re-test on the the support level again on market open, else we should be rallying back to 11800.
Next week forecast: Heading back to 12000 and probably beyond.
Note
As expected, market is heading back to the support level.We could find an entry in this area of support.
Trade active
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.