This is a market has been an uptrend for quite sometime. We are seeing a pullback at the moment and then i expect more upside movement. The target will be the most recent high (190.000) and then if/when break above we have a target of the equal highest visible on the monthly denoted with red horizontal line (195.000)
Confluence:
1) uptrend
2) retracement into 50% fib and previous resistance
3) 21 MA also providing support (blue) as well as green trendline
possible reason for entry double bottom at trendline
Confluence:
1) uptrend
2) retracement into 50% fib and previous resistance
3) 21 MA also providing support (blue) as well as green trendline
possible reason for entry double bottom at trendline