Since 2007, the price has been forming the 2 Descending Triangle pattern. "You can see repeating elements. An ascending channel, then touching the resistance line and a collapse at the support level. There were two such collapses in 2007 and 2015. However, since March last year, the price has been in an ascending channel. and has already touched the resistance of 151.98, so we can expect a collapse to support 125.89.
SL - 160.51.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 160.51.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.