Hello all,
Quite the price channel over the past 2 weeks. So many touches... not a speculative channel at all.
Small descending triangle forming. They tend to be bearish but can go either way. Personally I would see less resistance to the price declining than rising. But either way, an upside breakout; target 1730 and a downside breakout target 1687
Downside target is from a 1.618 fib extension, the height of the start of the triangle, and also the lower channel trend-line. So I would call that a convergent target.
That is all for now, goo luck and protect those funds.
Quite the price channel over the past 2 weeks. So many touches... not a speculative channel at all.
Small descending triangle forming. They tend to be bearish but can go either way. Personally I would see less resistance to the price declining than rising. But either way, an upside breakout; target 1730 and a downside breakout target 1687
Downside target is from a 1.618 fib extension, the height of the start of the triangle, and also the lower channel trend-line. So I would call that a convergent target.
That is all for now, goo luck and protect those funds.
Nota
And here we go...Nota
I guess the answer is both... to 1687 then to 1730 :)Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.