A price action above 7300 supports a bullish trend direction.
Increase long exposure for a break above 7500.
The target price is set at 7800 (just below its 23.6% Fibonacci retracement level).
The stop-loss is set at 7000 (its 61.8% Fibonacci retracement level).
A potential broadening top pattern appears to be forming, although it is not yet fully developed. This pattern, characterised by increasing highs and lows, suggests a possible price expansion.
Increase long exposure for a break above 7500.
The target price is set at 7800 (just below its 23.6% Fibonacci retracement level).
The stop-loss is set at 7000 (its 61.8% Fibonacci retracement level).
A potential broadening top pattern appears to be forming, although it is not yet fully developed. This pattern, characterised by increasing highs and lows, suggests a possible price expansion.
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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.