our 2nd target just got hit and it is doing a good job at keeping the price from going further up. It is a confluence of several resistances as you cans see on the graph.
In my opinion at this point anything can happen.
It can break up because of some fundamental, collapse because of overbought conditions
Or, my preferred one and best long term...
Bull flag created and broken to the upside...this is looking to good to be true.
I now expect this to, at least, hit our second target 1631-1634.
where do you guys see this going?
all the best of luck and trade safe
Hi guys, first target hit to perfection. what do you think will happen now? will it go to our 2nd target or retrace further down?
For me we have 2 possibilities here:
1) we have a small retracement and bull flag is created to take short term indicators out of overbought (4h RSI is way overbought) and continuation to the upside to hit or even blast 2nd target of...
Triangle just broke to the upside, a close today above 1584 will very likely signal further upside.
My personal targets are 1611 and 1631.
What do you guys think and why?
Thanks, Gl and trade safe
(I do not give trading advises, everyone should trade at their own risk)