Let's look at the 4 chart, we can see a pennant pattern. If the price breaks the resistance line of this pattern, we'll get a signal confirming further upward movement. The pennant will be realized as a continuation chart pattern and we we should expect for price movement to the target zone between 6700.00-6900.00 levels. Pending orders for buy can be placed at 5750.00 level. Stop orders must be placed below the pennant pattern at 5400.00 level. The main profit target is 6500.00 level. This trade looks rather risky, because MACD lines and ADX line climbed too high, and we can face with a short term retracement. If you don't want to take part in such risky trades, you should skip this signal or open long trades with less volume. Alternative variant: if the price breaks support line of pennant and drops below 5500.00 support level, we should expect for further downward movement to the support zone. It will give us a new trading opportunity.
@AnaKingKong, Your Place in the TOP list. As you can see in All time TOP, for example, there are people with more followers while someone with fewer followers is still higher than them on the list.
REP is gained by Likes and Comments.
Good Luck.
P.S It is not hard to get in the TOP list. You don't have to be a super analyst or super right in your predictions! You can just pump out chart's every 4 hours, copy paste some smart text from, Google, act like you are a guru, teach people " philosophy " behind the market, etc etc, get them to interact and that's it! We have some people writing uber smart texts while having a next wrong prediction in a row of 10, lol but that doesn't keep them away from being in ALL time TOP list
AnaKingKong
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@TheZabisyu, You are the best (Y)
Thank you for your advice
marco1295
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@AnaKingKong, you posted this on like 3 other charts shut up lol
I got 2 like while you got 77 :-(