E35 is trading within a clearly defined ascending channel, with the price maintaining strong bullish momentum. This suggests the uptrend may continue, with the upper channel boundary serving as a potential target.A short-term pullback could present an entry opportunity if buyers show strength through bullish candlestick patterns like a bullish engulfing or hammer formation, potentially driving the price toward the 13,700 level.
However, a break below the channel's lower boundary would invalidate the bullish outlook and may indicate a shift in market direction.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
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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.