Price is going to break the previous high and move towards the target 1 and 2 once it has breakthrough the holding of this strong resist zone. capture the trade when price pullback from the resist zone to near the support levels.
now we are at 3, if this support triangle hold it up, we might see 4. but if candle close below with a day candle... than 4 is lost.
Elliott_Moore
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VERY NICE.
KaKeungChoi
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thanks
KaKeungChoi
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Target 1 reached. movement was also correct too.
KaKeungChoi
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KaKeungChoi
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As expected price following through the direction indicated in chart. Target 1 (point 2) will be take profit level, then wait for correction and re-enter buy at lower support 3
KaKeungChoi
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Price return to the resist zone for another test at this level, the more it test the more it will be weaken, and so watch out for that breakthrough.