Yesterday, I found a falling wedge pattern and has broke through its support line.
Price targets has hit as shown on the yellow stars, 50200 area and the 52100 green zone area.
Today I have found a bullish flag pattern Alongside the indicators, it looks like we are still headed to the upside. MACD looks like it is about to have another bullish crossover while the blue 100 MA seems like it will also cross over the pink 200 MA. It can still possibly restest the 52000 region which is my green zone area. Once we pass here, my next target is the 5400 region.
But of course, nothing is impossible so we always have to look at the bearish scenario. If if does go to the downside, we are looking at the 48400 price range and maybe possibly touch my key zone area again at 47000 area.
I am open for feedback, suggestions and advice. Thanks!
Price targets has hit as shown on the yellow stars, 50200 area and the 52100 green zone area.
Today I have found a bullish flag pattern Alongside the indicators, it looks like we are still headed to the upside. MACD looks like it is about to have another bullish crossover while the blue 100 MA seems like it will also cross over the pink 200 MA. It can still possibly restest the 52000 region which is my green zone area. Once we pass here, my next target is the 5400 region.
But of course, nothing is impossible so we always have to look at the bearish scenario. If if does go to the downside, we are looking at the 48400 price range and maybe possibly touch my key zone area again at 47000 area.
I am open for feedback, suggestions and advice. Thanks!