The price has formed an ascending triangle pattern.
The breakout of the triangular pattern will open the higher levels 600.
Resistance - 590
Support - 560
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The breakout of the triangular pattern will open the higher levels 600.
Resistance - 590
Support - 560
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Note
The strong red candle changed the structure of the triangular pattern.The breakdown of 558 will open the level of 538 which is about 3.60%
Trade active
Today we have an inverted Hammer candle.Also the price has given the breakdown of the level 558.
The price could test the level of 538.
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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.
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.