Weekly chart displays a compelling case for further Bullish continuation, next middle-term target is 170:
- April was typical resistance = support price action, re-testing 22's High, 23's & 24's Low
- False Breakout below the symmetrical Triangle projects a measured move breaking out on the upside
- July' 24 (`170) was a Bear surprise, lots of scaling-in Bulls take profit and liquidate their longs. I'd expect sideways consolidation for many weekly bars
- If Bulls manage to break that ceiling, long-term 270 is feasible
- April was typical resistance = support price action, re-testing 22's High, 23's & 24's Low
- False Breakout below the symmetrical Triangle projects a measured move breaking out on the upside
- July' 24 (`170) was a Bear surprise, lots of scaling-in Bulls take profit and liquidate their longs. I'd expect sideways consolidation for many weekly bars
- If Bulls manage to break that ceiling, long-term 270 is feasible
Transaction en cours
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.