Tom Demark and Stoch RSI shows identical break out trend.
This bull trend shows the exact same pattern like the previous one. If you look at the Tom Demark indicator and Stoch RSI it is clearly seen. Tom Demark count looks almost identical. Stoch RSI looks overbought now, just like the previous breakout run.
It is quite possible that it will make a M shape like the previous one.
If we close today over 4383. I expect a breakout like the previous one we had. A green 9 below green 8 means price will go up. This means we might have a possible ATH.
Many analysts think that 4600 will be a resistance point. But I dont see any powerful resistance there. I think the price will reach ATH and then make a correction.
Enter: 4383
Target: 5200
Stop loss: 4100
Resistance: 4400 and 4600 (weak)
Support: 4150 and 3225 (strong)
It is quite possible that it will make a M shape like the previous one.
If we close today over 4383. I expect a breakout like the previous one we had. A green 9 below green 8 means price will go up. This means we might have a possible ATH.
Many analysts think that 4600 will be a resistance point. But I dont see any powerful resistance there. I think the price will reach ATH and then make a correction.
Enter: 4383
Target: 5200
Stop loss: 4100
Resistance: 4400 and 4600 (weak)
Support: 4150 and 3225 (strong)