A bullish trend is applicable.
The ideal long entry is around 2920.
Increase exposure for a break above 3070.
Stop-loss around 2880.
The profit-target is set at 3190 (which is close to its 200-day simple moving average).
It will appear that the price action is forming a base (see the blue curved arrow).
The ideal long entry is around 2920.
Increase exposure for a break above 3070.
Stop-loss around 2880.
The profit-target is set at 3190 (which is close to its 200-day simple moving average).
It will appear that the price action is forming a base (see the blue curved arrow).