There appears to be a bullish break of structure.

BLS
03/07/2023


Disclaimer: This is just my observation, please do not consider this financial advise.



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  • In the last two trading days, 213.55 range has been tested 2 times.

  • A bullish break of structure is already seen from 22nd of JUNE to current date.

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  • There is a confluence where both the chart and the RSI shows an uptrend (I know it has touched the 70 mark but the uptrend remains steady).

  • The 21, 50 and 200 smoothed moving average shows a good uptrend.

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  • The resistance level of 208.28 established during December of 2022 has been breached.





I want to see where this goes. But I have a good feeling.

Cheers!

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