The figure shows that the current price is still above the trend line and has not yet broken down.
The top two target prices are 2162.9 and 2265.85.
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If the trend line is broken below, the lower support is 1829.6 and 1713.16.
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The circled point is a break below the trend line, as the US CPI is lower than expected and the price is back above the trend line, which did not destroy the overall upward trend and could be regarded as a false break.
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The top two target prices are 2162.9 and 2265.85.
-
If the trend line is broken below, the lower support is 1829.6 and 1713.16.
-
The circled point is a break below the trend line, as the US CPI is lower than expected and the price is back above the trend line, which did not destroy the overall upward trend and could be regarded as a false break.
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