Price has an established long term up-trend.
As per its pattern in the entire up-move, prices have taken support at the 23.6% FR Level.
The Monthly RSI has also bounced from its Oversold zone.
On the Daily Chart, price has broken out of a consolidation, which suggests resumption of longer term up-move.
We cannot define a proper target, but for a start, we can expect a new all time high at the least.
As per its pattern in the entire up-move, prices have taken support at the 23.6% FR Level.
The Monthly RSI has also bounced from its Oversold zone.
On the Daily Chart, price has broken out of a consolidation, which suggests resumption of longer term up-move.
We cannot define a proper target, but for a start, we can expect a new all time high at the least.
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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.
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.