Price is respecting a rising trendline and holding above a key support zone. After multiple rejections at the trendline and EMA bounce, current candle shows bullish intent. Targeting previous resistance zones around 45,059 and 45,163. SL placed below the trendline and recent structure low at 44,097. Setup based on structure support, EMA reaction, and potential bullish continuation.
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.