If it breaks the resistance then it could be a good up move cuz it already break the trendline now sustaining at these levels.
Can be a good trade if it breaks the trendline and 850.80 level as well.
It's 5 year old trendline.
Also forming double bottom pattern.
Simple price action analysis :)
Its been consolidating past 4 months, now it gives breakout the range with good volumes.
Can be bullish, target maybe near the trendline.
Simple PRICE ACTION :)
Can be bullish in upcoming months.
As it breaks the trendline and retesting at support levels.
Simple price action :)
Near to resistance if it breaks can be bullish in upcoming months