There was a break in market structure to the upside creating a higher high.
Failed breakout of January lows caused a Valley low.
Failed breakout of February highs caused a Peak formation high.
Market Traded back into the lows in 3 pushes and went into consolidation.
Looking for another break to the upside followed by 3 more drives into the low.
Would expect a chart pattern such as a double bottom and an engulfing candle to the upside for entry.
Minimum target is the high of the current year.
If there is a range expansion, 1 full expansion of this years range up to around $92.00
Failed breakout of January lows caused a Valley low.
Failed breakout of February highs caused a Peak formation high.
Market Traded back into the lows in 3 pushes and went into consolidation.
Looking for another break to the upside followed by 3 more drives into the low.
Would expect a chart pattern such as a double bottom and an engulfing candle to the upside for entry.
Minimum target is the high of the current year.
If there is a range expansion, 1 full expansion of this years range up to around $92.00
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.