It seems that a Cup & Handle pattern is forming on the Daily chart(marked in YELLOW)
For some technical details of the pattern you can visit the link below:
https://www.tradingview.com/ideas/cupandhandle/
TRADE IDEA (longer term swing trade)
1) Wait for confirmation break above 7100 to validate the pattern
2) ENTRY break of 7100
3) STOP < 6500
4) TARGET 8700 - 8800 (pink line)
The above is only my analysis and the way I'll trade it, but not a trade recommendation.
For some technical details of the pattern you can visit the link below:
https://www.tradingview.com/ideas/cupandhandle/
TRADE IDEA (longer term swing trade)
1) Wait for confirmation break above 7100 to validate the pattern
2) ENTRY break of 7100
3) STOP < 6500
4) TARGET 8700 - 8800 (pink line)
The above is only my analysis and the way I'll trade it, but not a trade recommendation.
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