-Took support at Mid line of PC-A for retesting -Opening above the recent close, will lead to touch upper line of PC-A, which it missed earlier at P2 -Strong confirmation can give us a target of Breakout of PC-BA -Earlier candles have tested the lower levels of PC-A at point P1 while breaking out PC-B -If the candles do not support the midline and open below it, candle will test the bottom line of PC-A
Kommentar
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Initial target of upper line of PC-A is achieved. (18%+ upside)
If overall market stays strong, we can expect good breakout confirmation of PC-A in coming days. Next target will be 4500, where one can trail stoploss at 3700.