RSI showing bearish divergence
Price at the top of the channel
High Probability of moving down first before going back up again
Tgt 1 - 8800
Tgt 2 - 8600
RSI showing bearish divergence
Price at the top of the channel
High Probability of moving down first before going back up again
Tgt 1 - 3850
Tgt 2 - 3750
Long term support at 70.40
Descending triangle being formed
Price touching the top of the triangle
If it breaks then go long or it can come back to 70.40 again
Long term up channel
Broken violently upwards
Upper Bollinger being currently defined by price
Price will retrace to the top of the channel or middle bollinger
Move that can be captured... 1580 to 1450
Weekly chart shows long term upchannel
Current price action shows upchannel being broken violently
Price is stalling at the top
Also moving along the top Bollinger, actually defining it
High chance of retrace back to top of channel or middle Bollinger in Nov
Move that can be captured 1794 to 1680
IGL bounced at 220
Cleanly broke resistance at 340
Moving along the upper Bollinger currently without touching the middle Bollinger
Have had the biggest green candle daily in the last 2 years - Clear clean uptrend
Can follow up a little more till 440/450 types before retracing to 390
Will retrace to the top of the trend line (around 390), before starting the...
Long term support at 1290, bounced from there
Still in the descending channel
Right now at the top of the descending channel
Can breach right through it or get rejected
If it breaches, it will retest this trend line and move upwards
If it rejects then move downward