is trading within a Rising Wedge
on the 4H chart which started on March 23rd when the previous bottom was made. Despite the fact that today it broke the Higher Low trend line
, the technical indicators are neutral ( RSI
= 45.750, MACD
= 8.800, ADX
= 19.431) as the Support Zone
hasn't been broken yet (10,225 - 10,165) and the 4H MA50 is intact since March 24th. Both of those sustain the uptrend.
If however the Support breaks, we will take the opportunity to short towards the next Support level
. Our Target Zone is 9,500 - 9,300.
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