Weekly closing above 125 is a positive sign.
No bearish divergence yet.
However, 137 - 138 is an Important Resistance
zone.
If the trendline support is broken (127),
the blue highlighted area may act as Immediate
support zone (112 -114)
Upside targets can be around 150 - 160 if
137 - 138 is crossed with Good Volumes.
MM - House of Technicals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MM - House of Technicals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.