There's a downtrend triangle that appeared after the dump, and now the price has breakthrough to the upside. Since the previous support now has become the resistance we believe the next target would be around 440. But more likely the bears wouldn't give this chance to the bulls so 436 is likely to be a potential sell point for a short-period position.
We can also spot there's an uptrend band that has been holding the price have a high low since yesterday. The waving range will become narrower and narrower between the resistance of upside and this uptrend line. Thus we can see which direction the market chooses to go.
Buy 423/ sell 436 / stop-loss 417
We can also spot there's an uptrend band that has been holding the price have a high low since yesterday. The waving range will become narrower and narrower between the resistance of upside and this uptrend line. Thus we can see which direction the market chooses to go.
Buy 423/ sell 436 / stop-loss 417