Feels like it may be validating the breakout above the blue line as it also seems to be climbing up the dotted measured move line here on the last few candles. So probability is quite good that we validate the breakout on this impulse. If so the full measured move target is around 152.9k or more or less 153k. *not financial advice*
Note
We’ve made 4 breaks above the blue trendline so far and every one of them has gone back below the line. Probably gonna need to close 2 consecutive monthly candles above that trendline before we can be confident that price action will validate the breakout at this point. Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
