The price remains glued to the previously breached trendline, moving strictly along it. This could be indicative of a false breakout. In that case, we may soon see a rise that could be part of a downward correction.
Alternatively, the price may continue to move cautiously along this trendline until it decides it is time for decisive action. This would result in a deceptive maneuver—a sharp attempt to grow, followed by an equally abrupt decline.
In any case, the price is expected to rise in the near term, so it is recommended to enter buy trades at current market values. Be sure to include a protective Stop Loss order.
Investment idea: BUY 19550, SL 19100, TP 20500.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Share
VK
Facebook
Twitter
Telegram
Bob Stan
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .