Today the price has closed on the resistance level with a RSI of above 60. All this indicates the price is in good momentum.
The breakout of 492 could open the higher levels of 545.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The breakout of 492 could open the higher levels of 545.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Note
Today we have a breakout of 492. Now wait for the price to hold on the breakout levels.Note
Today we have a red candle rejected by the previous candle high. Also today's candle closed below the breakout level which indicates a fakeout with a declining rsi.Trade active
The price is holding the breakout levels. Now the price is in an uptrend. Trade active
Today we have a small negative candle buy the price follows the up trend.
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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.