A price action above 141 supports a bullish trend direction.
Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level.
The target price is set at 163 (its 78.6% Fibonacci retracement level).
The stop-loss level is set at 129 (just below its 38.2% retracement level).
It will appear that a falling wedge pattern is busy developing.
Such a pattern is bullish in nature.
Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level.
The target price is set at 163 (its 78.6% Fibonacci retracement level).
The stop-loss level is set at 129 (just below its 38.2% retracement level).
It will appear that a falling wedge pattern is busy developing.
Such a pattern is bullish in nature.