market price is in down trend/correction movement since couple of days and has build a triangle pattern in short term.
After a breakout from this triangle the market closed above the pattern which is bullish indicator. We expect up movement to at least take profit 1.
Take profit 2 is only active after breakout from pointed down trend line.
Indicator Analyse
- market price reached down side of bollinger bands and bollinger bands stopped down movement which is bullish indicator
-RSI baseline started up movement again which is bullish indicator, need to break the down trend line for further market price up movement.