Price has been trading in the bullish channel since February of this year. Now price is testing a major support level of the bullish channel. Look for a potential bullish reversal to the topside as global stock markets recover.
Trade Step-ups:
Bullish Reversal: Price rejects a bearish breakout, look for a bullish reversal. Profit levels to look for are 232000 and 244000 respectively.
Bearish Breakout: Price breaks current support level. In this case, price could fall to final support level of the bullish channel.
Trade Step-ups:
Bullish Reversal: Price rejects a bearish breakout, look for a bullish reversal. Profit levels to look for are 232000 and 244000 respectively.
Bearish Breakout: Price breaks current support level. In this case, price could fall to final support level of the bullish channel.