HI guys, So on the 12h you can see that we are in a symmetrical triangle , hopefully we accumulate in this area, and make a move up and break out, the rsi on the 12h indicates bullish divergence in play ,which will lead to a medium scale bull run,. usually triangle breakout target's are based on the base of the triangle , the question is are we going to accumulate here or just have a minor correction and break down .
Bullish target: 13.5k
Bearish target 1.3k ( these are long term targets ,and ,targets should be measured from where they break out from the triangle)
www.babypips.com/learn/forex/triangles.
We are still in a bear market, becarefull of misleading signals , wait for clear indications.
stockcharts.com...school/doku.php?id=chart_s...
www.ccn.com/marketcap/- keep an eye on market caps and sentimental news, for it can effect technical analysis ,vice versa
Bullish target: 13.5k
Bearish target 1.3k ( these are long term targets ,and ,targets should be measured from where they break out from the triangle)
www.babypips.com/learn/forex/triangles.
We are still in a bear market, becarefull of misleading signals , wait for clear indications.
stockcharts.com...school/doku.php?id=chart_s...
www.ccn.com/marketcap/- keep an eye on market caps and sentimental news, for it can effect technical analysis ,vice versa