Price action is consolidating inside an ascending triangle. It has taken support on the long term trend line at 1125. On the upper side price will face resistance around 1170 - 1175 levels. Close above the resistance will take the price towards 1200, 1220. At 1220 price will face resistance again. Break out from the triangle will give the direction of the price movement.
Yorum:
Seems price will break the support line!
Yorum:
Double bottom!
