We can see a declining triangle on the daily chart. There is also a strong support zone, which has been tested times. I expect the price to pull back again into the the support zone. From there it will break the triangle.
If the triangle gets broken to the upside, I expect seeing a strong long term trend. When the triangle gets broken to the downside I expect the price to go to the 7500-7700 zone. From there we should see a strong bullrun.
The possibility is higher, that the price will break the triangle to the downside, because we have seen the exact same situation back in 2017 from May to July.
If the triangle gets broken to the upside, I expect seeing a strong long term trend. When the triangle gets broken to the downside I expect the price to go to the 7500-7700 zone. From there we should see a strong bullrun.
The possibility is higher, that the price will break the triangle to the downside, because we have seen the exact same situation back in 2017 from May to July.
