It has formed a good Rectangle Pattern with alternate touches and good height of 42 points. This simple pattern has broken the channel which could be used for a profitable trading. How to handle it please refer my earlier post and as a target for this pattern we can expect range doubling i.e 547.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade closed: target reached
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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.