The price has reached the resistance level of 355 and is consolidating there in the form of ascending triangle.
If price breaks the ascending triangle and daily candle closes above 355, I would expect price to rise further till 378 and 392.
Consolidation just below the resistance generally is a sign of upcoming breakout.
Look at volumes just below the consolidation. Looks very healthy.
But first wait for the breakout.
If price breaks the ascending triangle and daily candle closes above 355, I would expect price to rise further till 378 and 392.
Consolidation just below the resistance generally is a sign of upcoming breakout.
Look at volumes just below the consolidation. Looks very healthy.
But first wait for the breakout.