Looking at the daily timeframe, there is a rejection at the resistance area at 5150. With an MA crossing there is a possibility that the price will breakout the resistance and reaching the target that is the next resistance area.
This scenario will be safe to do after a confirmation that the price will probably go up.
We will wait for the price to break the resistance, closed above the resistance, and restest the 5150 area then the price is more likely to continue push up to the next target.
This scenario will be safe to do after a confirmation that the price will probably go up.
We will wait for the price to break the resistance, closed above the resistance, and restest the 5150 area then the price is more likely to continue push up to the next target.
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