Pattern: Channel Up since the February 24 Higher High.
Signal: Bearish as the price reached the Higher High of the Channel Up. Once the trend-line of the bullish leg breaks and the price goes below Pivot 1, then we have confirmation.
Target: 1650 (above Pivot 2) and 1575 (above the short term Support).
* Note: This trend-line of the current Bullish Leg is very important. It helped me form successfully my trading plan last time:
Signal: Bearish as the price reached the Higher High of the Channel Up. Once the trend-line of the bullish leg breaks and the price goes below Pivot 1, then we have confirmation.
Target: 1650 (above Pivot 2) and 1575 (above the short term Support).
* Note: This trend-line of the current Bullish Leg is very important. It helped me form successfully my trading plan last time:
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