resumed its growth and tested the upper limit of the consolidation/resistance level 114.20 yesterday. The test of the level was on increased volume
, however, the price did not rebound from it, but remained trading near this mark. This is a signal to a possible breakdown of this resistance, which will give an excellent opportunity to open long positions. The breakdown movement must be sharp and on large volume
. The price should be fixed above the resistance level
and after a continuation of the growth we can open purchases. A stop loss should be placed just below the volume
breakdown bar or the beginning of the breakout movement. The potential of the deal is 110-120 points.
The bottom line: long positions after the breakout of the resistance.