Price holding above rising trendline — showing strong support.
Forming a descending wedge pattern (bullish structure).
Entry zone: around 128.4–129.0 (near trendline support).
Breakout confirmation: above 132.26.
Target: 137.10
Stop-loss: below 125.30
Risk-Reward Ratio: around 1:2.2
Bias: Bullish as long as price stays above trendline.
Forming a descending wedge pattern (bullish structure).
Entry zone: around 128.4–129.0 (near trendline support).
Breakout confirmation: above 132.26.
Target: 137.10
Stop-loss: below 125.30
Risk-Reward Ratio: around 1:2.2
Bias: Bullish as long as price stays above trendline.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.