hi Traders,
We can see that price is currently trading below a well-defined downsloping trendline.
The trendline (blue) has been tested multiple times, confirming its validity as resistance.
Price action is showing higher lows, indicating building pressure, usually a bullish sign often seen before breakouts.
The breakout seems to be happening right now, so entering the long position is justified.
Target: 184
Invalidation: daily close below the downsloping resistance trendline
We can see that price is currently trading below a well-defined downsloping trendline.
The trendline (blue) has been tested multiple times, confirming its validity as resistance.
Price action is showing higher lows, indicating building pressure, usually a bullish sign often seen before breakouts.
The breakout seems to be happening right now, so entering the long position is justified.
Target: 184
Invalidation: daily close below the downsloping resistance trendline
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.