Daroon-

Daroon-

Pattern : Descending Channel. From this current 1.39500 support, all we await for is a breakout. A break and close below will enable the bears to express their strength, motivating them to push price down to the 1.35500 support region.. the bulls are very dominant in this region. Hence the bullish gap.

Daroon-

Price broke above the dynamic resistance on Monday and formed a dynamic support along its way up. Right now, price seems to be testing this fresh dynamic support. If price breaks above this mini dynamic local resistance then the bullish move up to the 121.000 region will be confirmed. Will be keeping a close eye on this local 118.000 support too.

Daroon-

Pattern -> Inverse Head & Shoulder. Price broke above the neckline of this pattern yesterday and came back down today for what seems to be a retest on the break and close above the pattern's neckline. Target of this pattern is up by the 74.500 region.