On friday the price was and still is above the support 1705.700.
We reached TP1 on friday evening and TP2 a few hours ago.
The hour candle has closed above TP2. There are two choices here.
Enter long to TP3 or wait for another hourly confirmation to enter long to TP3.
The support at 1705.700 was not broken over the weekend so resumption of uptrend was and still is valid.
Technical analysis:
A trough is formed in daily chart at 1719.100 on 07/19/2021, so more gains to resistance(s) 2178.000 (done), 2346.350 (done), 2544.450 (TP3) and maximum to Major Resistance (2910.700 TP4) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 54.
Take Profits:
2178.000
2346.350
2544.450
2910.700
We reached TP1 on friday evening and TP2 a few hours ago.
The hour candle has closed above TP2. There are two choices here.
Enter long to TP3 or wait for another hourly confirmation to enter long to TP3.
The support at 1705.700 was not broken over the weekend so resumption of uptrend was and still is valid.
Technical analysis:
A trough is formed in daily chart at 1719.100 on 07/19/2021, so more gains to resistance(s) 2178.000 (done), 2346.350 (done), 2544.450 (TP3) and maximum to Major Resistance (2910.700 TP4) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 54.
Take Profits:
2178.000
2346.350
2544.450
2910.700