With last week analysis confirmed, next week presents much stronger bullish signals.
1- The weekly divergence is confirmed plus a crossover in the stochastic indicator further confirming the bullish rally to start. This is triple confirmed with RSI printing above 50.
2- Price printed a bullish break out of the triangle which provided a year end target of $2018 (that is in US$ not the year).
There will be speed pumps on the road to target, but if you took last week suggested entry, or even entered at the triangle break, it should be safe to sustain any pullback on the road to target
1- The weekly divergence is confirmed plus a crossover in the stochastic indicator further confirming the bullish rally to start. This is triple confirmed with RSI printing above 50.
2- Price printed a bullish break out of the triangle which provided a year end target of $2018 (that is in US$ not the year).
There will be speed pumps on the road to target, but if you took last week suggested entry, or even entered at the triangle break, it should be safe to sustain any pullback on the road to target
Note
Bull pullback is over 12 October. Close longs. Turn bearish
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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.
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.