- Ascending triangle forms in daily chart
- RSI lower high; MACD hovering high, likely to fall down
- Prediction : not likely to break above resistance, likely to test the trendline support one more time
- Set up : Depends on candlestick analysis, short to trendline support
- Set up : Go long if break above resistance
- Set up : Short if break below trendline support
- RSI lower high; MACD hovering high, likely to fall down
- Prediction : not likely to break above resistance, likely to test the trendline support one more time
- Set up : Depends on candlestick analysis, short to trendline support
- Set up : Go long if break above resistance
- Set up : Short if break below trendline support
Price exceeds target $4630 (1:1 Extension, activity zone) and hits resistance at $4900-5050 range (close to 1.618 fib level).