Bullish Case:
A break above ~530–540 DKK and sustained trading above the Ichimoku Cloud would strengthen the argument for a run toward the 600–640 DKK region.
Potential Upside Targets
Target around 640 DKK. That level could coincide with:
The horizontal resistance near prior swing highs in that region.
The descending trendline’s projected intersection if price breaks out with momentum.
Should the price break out above the triangle (and particularly if it breaks above the Ichimoku Cloud), 640 DKK could be the next major resistance or measured-move target from the triangle’s height.
A break above ~530–540 DKK and sustained trading above the Ichimoku Cloud would strengthen the argument for a run toward the 600–640 DKK region.
Potential Upside Targets
Target around 640 DKK. That level could coincide with:
The horizontal resistance near prior swing highs in that region.
The descending trendline’s projected intersection if price breaks out with momentum.
Should the price break out above the triangle (and particularly if it breaks above the Ichimoku Cloud), 640 DKK could be the next major resistance or measured-move target from the triangle’s height.
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.
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.