400 Pips in a Week! Discover the Secret Behind Trading Strategy!
Technical Breakdown
Ascending Channel Formation:
The price has been moving within an ascending channel, indicating a bullish trend. The upper and lower boundaries of the channel have provided resistance and support, respectively.
Support/Resistance Level:
A key horizontal level around 2,430 has acted as both support and resistance. This level was tested multiple times, showing its significance in the price action.
Bear Flags:
Two bear flags are identified, one on the 15-minute chart and another on the 30-minute chart. Bear flags typically indicate continuation patterns in a downtrend, suggesting further bearish movement.
Higher High (HH) and Lower High (LH):
The chart shows a higher high (HH) followed by a lower high (LH), indicating a potential shift from a bullish to a bearish trend.
Price Target (TP):
The TP is marked at 2,348, suggesting a potential downside target based on the current technical setup.
Ascending Channel Formation:
The price has been moving within an ascending channel, indicating a bullish trend. The upper and lower boundaries of the channel have provided resistance and support, respectively.
Support/Resistance Level:
A key horizontal level around 2,430 has acted as both support and resistance. This level was tested multiple times, showing its significance in the price action.
Bear Flags:
Two bear flags are identified, one on the 15-minute chart and another on the 30-minute chart. Bear flags typically indicate continuation patterns in a downtrend, suggesting further bearish movement.
Higher High (HH) and Lower High (LH):
The chart shows a higher high (HH) followed by a lower high (LH), indicating a potential shift from a bullish to a bearish trend.
Price Target (TP):
The TP is marked at 2,348, suggesting a potential downside target based on the current technical setup.
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.