There are a few factors that could lead to an explosive upside move. There are a few scenarios.
1. Bounce off support, retest the support, resumption up and over resistance.
2. Bounce off support, test the resistance, break up in a H&S pattern.
3. Break the support, negate H&S, look for 12,300.
1. Bounce off support, retest the support, resumption up and over resistance.
2. Bounce off support, test the resistance, break up in a H&S pattern.
3. Break the support, negate H&S, look for 12,300.
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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.