Falling Wedge Breakout
MACD Crossing upward along with cyclical range of DMI showing retracement.
Look for volume for the upward breakout. If the volume higher than average volume, it may signal bullish trend.
Historical support at 3.845 and a possible hurdle at the 50 SMA when the price breaks upward.
Profit taking advisable at 4.5
(I don't participate in this trade, this is just an analysis for future price trend.)
Look for volume for the upward breakout. If the volume higher than average volume, it may signal bullish trend.
Historical support at 3.845 and a possible hurdle at the 50 SMA when the price breaks upward.
Profit taking advisable at 4.5
(I don't participate in this trade, this is just an analysis for future price trend.)
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