Update: Price target hit. Position Closed.
Keeping it simple.
Trend line analysis.
- ST: Purple Trendline holding
- MT: Pink Trendlines still valid
*Note LT Resistance at orange lines. A break above these lines will see an attempt at Higher Highs.
Ichimoku.
- Nice thick cloud support.
Conclusions: Stay long. Aim for 7000 mark. If Purple is broken, we may see a retest of Pink.
Keeping it simple.
Trend line analysis.
- ST: Purple Trendline holding
- MT: Pink Trendlines still valid
*Note LT Resistance at orange lines. A break above these lines will see an attempt at Higher Highs.
Ichimoku.
- Nice thick cloud support.
Conclusions: Stay long. Aim for 7000 mark. If Purple is broken, we may see a retest of Pink.