Trying to break up strong resistance
After successful break up falling wedge pattern, it is now trying to break strong resistance. We need full green candel closing above resistance line. If it success to close above resistance line, then we have 2 targets :
1- 5298
2- 6466
If price failed to close above reisistance line, it will back to near support at 3757.
This analysis based on TA. Please use your stop lose and money management.
After successful break up falling wedge pattern, it is now trying to break strong resistance. We need full green candel closing above resistance line. If it success to close above resistance line, then we have 2 targets :
1- 5298
2- 6466
If price failed to close above reisistance line, it will back to near support at 3757.
This analysis based on TA. Please use your stop lose and money management.
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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.