Hello wonderful person!
Now it is breakout point one way or another.
Either the current trendline will hold and the resistant line is broken.
OR current trendline is broken and resistant line is holding, which means next price is 12200 Euro; but might bounce at 12950 Euro (depending on the strength)
My indicators point more towards a correction, and we will bounce at 12960; and might continue to the next trend line at 12200 euro.
Have to wait and see what the indicators tell at that time.
What is yours?
As always, stay safe and sane,
happy trading all!
Now it is breakout point one way or another.
Either the current trendline will hold and the resistant line is broken.
OR current trendline is broken and resistant line is holding, which means next price is 12200 Euro; but might bounce at 12950 Euro (depending on the strength)
My indicators point more towards a correction, and we will bounce at 12960; and might continue to the next trend line at 12200 euro.
Have to wait and see what the indicators tell at that time.
What is yours?
As always, stay safe and sane,
happy trading all!