Hi everyone
this chart is for educational purpose though could use for trade too.
on the chart you can see a bear flag pattern is shaping and the indicators
confirm this pattern. so what I expect is declining more to my target
around 44650 based on the flag pattern rules.
but you have to consider, breaking above 48500 will invalidate that pattern.
Enjoy the market
this chart is for educational purpose though could use for trade too.
on the chart you can see a bear flag pattern is shaping and the indicators
confirm this pattern. so what I expect is declining more to my target
around 44650 based on the flag pattern rules.
but you have to consider, breaking above 48500 will invalidate that pattern.
Enjoy the market
Comment:
seems the uptrend is stronger than breaks the support line so it may lead us to 51000 level soon.
Comment:
target 51K hit, so uptrend still validate and if the price candle close above this level the next target is around 52800, we have to be more cautious right now the market could be tricky it can bump and dump so fast.
Trade active:
62K is the next target