Breakout, Ready For Another 20% Rally
Symmetrical Triangle Pattern: Indicates a potential continuation of the previous trend, suggesting a bullish breakout.
Long-Range Accumulation: Prolonged accumulation often precedes a strong upward move, reflecting increasing investor interest and potential buying pressure.
Higher Highs-Higher Lows Formation (HH-HL): Reflects an overall uptrend, reinforcing the bullish sentiment in the market.
Huge Volume Buildup Near Breakout Zone: Significant volume surge near the breakout level implies increased market participation, supporting the likelihood of a sustained upward move.
Considering these factors, a long position seems favorable and target should be 3200 area which is almost 20% from here , but it's crucial to monitor the breakout confirmation and implement proper risk management strategies.
Long-Range Accumulation: Prolonged accumulation often precedes a strong upward move, reflecting increasing investor interest and potential buying pressure.
Higher Highs-Higher Lows Formation (HH-HL): Reflects an overall uptrend, reinforcing the bullish sentiment in the market.
Huge Volume Buildup Near Breakout Zone: Significant volume surge near the breakout level implies increased market participation, supporting the likelihood of a sustained upward move.
Considering these factors, a long position seems favorable and target should be 3200 area which is almost 20% from here , but it's crucial to monitor the breakout confirmation and implement proper risk management strategies.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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.