Looking at the DAILY picture, we can see a TRIANGLE PATTERN IN PROGRESS, with the breakout levels , currently and respectively :
@ 41'320 on the upside
and
@ 39'574 on the downside
I MPLICATIONS ON A DAILY BASIS CLOSING LEVEL :
upside breakout : TARGET @ 43'659 (currently the Mid Bollinger Band and the Kijun-Sen)
downside breakout out : TARGET @...
Triangle progress on the daily chart.
BREAKOUT LEVELS : (Daily closing !)
4'732
4'600
IMPLICATIONS : ( + / - 400 POINTS)
UPSIDE : TARGET 5'132
DOWNSIDE : TARGET 4'200
Watch intraday to get intermediate clues and signal (s) confirmation of ongoing price action.
H4, currently in the clouds !
Ironman8848
