Prices have broken out of the resistance which the October 2022 high of 1465 was offering.
Volumes are also high enough to confirm strength in trend.
Going by the past (single instance) up-move after breakout, prices could now test the 261.8% Fibonacci Retracement level placed at 2220.
The view would remain intact as long as prices trade above 1450.
Volumes are also high enough to confirm strength in trend.
Going by the past (single instance) up-move after breakout, prices could now test the 261.8% Fibonacci Retracement level placed at 2220.
The view would remain intact as long as prices trade above 1450.
Trade closed: target reached:
The target of 2220 has been met!