It looks like a down trend is continuing.
A break out occured for a short term but I think the real price movement comes when the down trend which is tagged with blue arrow is broken.
Possible resistance and support zones are marked at the left with black levels.
First target is 3200. It would like to continue upwards if it does not return below the red resistance zone !
2100 is a very importand support level.
A break out occured for a short term but I think the real price movement comes when the down trend which is tagged with blue arrow is broken.
Possible resistance and support zones are marked at the left with black levels.
First target is 3200. It would like to continue upwards if it does not return below the red resistance zone !
2100 is a very importand support level.
Trade active:
First target reached perfectly ! the 3200 level.
now we will look forward if it can break this level or not. if it does not come below the red line which is at the upper, it will try to continue its move.
now we will look forward if it can break this level or not. if it does not come below the red line which is at the upper, it will try to continue its move.
Trade closed: target reached:
2500 to 3440 in a very short time a profit about %40 .