KIND OF ASCENDING TRIANGLE IN THERE . IF IT WOULD BREAK BULLISH AND GET NICE VOLUME THERE, 25-30% GAIN WONT BE THAT HARD. BUT IT SHOULD HAVE TO HAVE ENOUGH VOLUME TO BREAK THAT MAJOR RESISTANCE LEVEL WIHICH WAS PREVIOUSLY TESTED IN MANY TIMES AND ALSO ALL TIME HIGH RESISTANCE LEVEL NEEDED TO BE BREAK WITH A GOOD VOLUME. THEN WE WILL SEE THE TARGET PRICE LEVEL IN MID OF THE AUGUST.
ONE MORE THING THERE IS A HUGE SUPPORT FROM THE GREEN CLOUD AND THE MAJOR SUPPORT LEVEL TOO SO I GUESS THERE IS A BIG POSSIBILITY OF THE BREAK OUT TO BE HAPPENED BULLISH.
BUT
IN ANY CASE IF THE BREAK OUT WOULD HAPPEN DOWNWARD ITS QUITE POSSIBLE TO MAJOR SUPPORT LEVEL TO BE TESTED ONE MORE TIME AND START THE BULLISH MOVE AGAIN.
ONE MORE THING THERE IS A HUGE SUPPORT FROM THE GREEN CLOUD AND THE MAJOR SUPPORT LEVEL TOO SO I GUESS THERE IS A BIG POSSIBILITY OF THE BREAK OUT TO BE HAPPENED BULLISH.
BUT
IN ANY CASE IF THE BREAK OUT WOULD HAPPEN DOWNWARD ITS QUITE POSSIBLE TO MAJOR SUPPORT LEVEL TO BE TESTED ONE MORE TIME AND START THE BULLISH MOVE AGAIN.