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Today we are seeing a very important break of the resistance (1730) that we were consolidating yesterday and also the neckline of the H&S.
When we reach the First target (1800) we will find resistance on the upper trend line of the peanut and most probably will retest the broken resistance before continuing to the upside.
The Second Target (1920) is more interesting because will take us out of the peanut. So after reaching the target with a breakage of the peanut most probably we will retest the upper trend line of the peanut before continuing to the upside.
A breakage of the peanut means New ATH but don't be greedy will not happen in a day.
Protect yourself here with low leverage and wide stops.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Today we are seeing a very important break of the resistance (1730) that we were consolidating yesterday and also the neckline of the H&S.
When we reach the First target (1800) we will find resistance on the upper trend line of the peanut and most probably will retest the broken resistance before continuing to the upside.
The Second Target (1920) is more interesting because will take us out of the peanut. So after reaching the target with a breakage of the peanut most probably we will retest the upper trend line of the peanut before continuing to the upside.
A breakage of the peanut means New ATH but don't be greedy will not happen in a day.
Protect yourself here with low leverage and wide stops.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Trade closed: target reached