Morning Traders,
Another triangle formation based on TL2 and TL3.
Also, we have divergence and reversal signal.
Price may continue same direction as before.
If price breakout TL3 then potential long signal or price will breakdown TL2 then potential short signal.
Make sure that candle which will break trend line either up or down close above/below TL.
Price stop rising on resistance level 23691.9 This was measure before price raised. We have support on 23000.
Vertical red line shows where price will change directions.
Cheers,
Jim
Another triangle formation based on TL2 and TL3.
Also, we have divergence and reversal signal.
Price may continue same direction as before.
If price breakout TL3 then potential long signal or price will breakdown TL2 then potential short signal.
Make sure that candle which will break trend line either up or down close above/below TL.
Price stop rising on resistance level 23691.9 This was measure before price raised. We have support on 23000.
Vertical red line shows where price will change directions.
Cheers,
Jim