In the daily chart, I can see that the bullish pennant breakout happened, and now the price is traveling the same distance
as at the beginning of this bullish formation.
Currently, the price is trading in-demand area and approaches a pretty strong resistance level. It might stall for a bit in here before making a move up. However, it is also possible that from this level, the price will start to return.
It will be clearer which way the price is going in a few days time. Patience is the key, isn't it?
Happy trading!
as at the beginning of this bullish formation.
Currently, the price is trading in-demand area and approaches a pretty strong resistance level. It might stall for a bit in here before making a move up. However, it is also possible that from this level, the price will start to return.
It will be clearer which way the price is going in a few days time. Patience is the key, isn't it?
Happy trading!