As per the short term pink descending broadening wedge; we have a current target of around 7550-7600 where we then meet the resistance line of the longer term descending wedge (shown in purple). I expect us to then retrace from this resistance all the way back down to 5980. From here we will then bounce and break through the purple long term wedge before a possible retest of the resistance turned support. Finally, we will then have a nice bull run to our target of 11,150 where we will take profit.
Not
Playing out as expectedNot
Have amended the target to 6000. The potential descending triangle that is forming could take us there tonight. I have re-adjusted slightly as we will need to form a higher low to appear bullish once we hit the bottom. Sub-6K could still happen, thought it is unlikely we will go lower than a maximum of 5900 which is close to the low of 14th of August. Not
All still going as planned. We appear to be forming a descending broadening wedge that will take us down to our target of 6K. From here we should bounce out of the wedge to 6540ish before retracing to testing our breakout level. We could range between these two levels for a few days or more before building our momentum to finally breakout of the purpole down trend line and then commence our trip up to our target of 11K. İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.