W1 price is continuing with bullish breakout for trying to
break 14.4256 resistance level from below to above for the breakout to be
continuing:
- The price is breaking ascending triangle pattern from below to
above for the bullish breakout.
- Absolute Strength indicatior is estimating the secondary ranging within the primary bullish market condition.
- The nearest resistance levels are 14.4256 and 15.0000.
- The nearest support levels are 14.1547 and 13.0074.
If the price will break 14.1547 support
level so we may see the secondary correction within the primary bullish trend.
If the price will break 13.0074 support
level so the reversal of the price movement to the primary bearish market condition will be started.
If the price will break 14.4256
resistance level from below to above so the primary bullish breakout
will be continuing up to 15.0000 as the next bullish target.
If not so the price will be ranging between the levels.
- Recommendation for long: watch close W1 price to break 14.4256 for possible buy trade
- Recommendation
to go short: watch W1 price to break 13.0074 support level for possible sell trade
- Trading Summary: bullish breakout
| Resistance | Support |
|---|---|
| 14.4256 | 14.1547 |
| 15.0000 | 13.0074 |
Trend:
