https://tradingview.sweetlogin.com/x/G9o114Dw/
From K1 to K6,
It is a small scale consolidation or a bullish triangle pattern.
The supply pressure is decreasing too.
It seems that K7 or K8 will break up or fall down.
If the following candles close upon the neckline,
It is likely that another bull run will start here to test 14USD area.
On the other hand,
If the following candles close below the uptrend line,
The risk will sharply increase.
Long-8.18/Stop-7.8/Target-14
Long-8.5/Stop-7.8/Target-14
From K1 to K6,
It is a small scale consolidation or a bullish triangle pattern.
The supply pressure is decreasing too.
It seems that K7 or K8 will break up or fall down.
If the following candles close upon the neckline,
It is likely that another bull run will start here to test 14USD area.
On the other hand,
If the following candles close below the uptrend line,
The risk will sharply increase.
Long-8.18/Stop-7.8/Target-14
Long-8.5/Stop-7.8/Target-14
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.
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.