PREDICT price direction -re test RBS & R & HIT TP TARGETduration monitoring = 1 month
predict price will hit TP TARGET
predict trend is UPTREND
PREDICT price direction
-re test RBS
-TEST BACK R
-BO R
-HIT TP TARGET
SUNLOGY trade ideas
Sunlogy challenging the 50% Golden RatioOverall chart shows that the price moving upward and breaking the previous DTL.
Potential Ascending Double Bottom detected at 0.26. We may see the confirmation of this pattern once it breakout above 0.26 and price stay above.
This may resulting uptrending movement and challenging to close the previous gap located between 0.26 to 0.28
Looking forward for what’s going to happen.
This is mainly for education purposes and not a trading advice.
Sunlogy, uptrend line can support?Strong resistance stands at 0.275 ~ 0.290... The question now is whether this move is just to close the gap or if it has the strength to break out.
Currently, indicators are showing overbought conditions... making it more likely to see a pullback soon. During that pullback, it's crucial for price to stay intact with the uptrend line... A clean break below it would weaken the bullish structure and turn the chart setup less appealing.
Disclaimer: This is not a buy/sell call. Always analyze carefully and manage your risk according to your trading strategy.
