Analysis: LT downward trend line broke out to theupside in March 2020, bullish with price targets atprevious high 12416.868
Price Action: is consolidating toward the upside. Pennant formation forming with continuation to updside.
Trade: watch to see if previous highs are rejected, watch for the reverse and short, but for now stay with uptrend and look for break through level, retracement and bounce to the upside. looking for the breakthrough, retrace and bounce. Targets at 11998, 12494, 13199 and 13849
Price Action: is consolidating toward the upside. Pennant formation forming with continuation to updside.
Trade: watch to see if previous highs are rejected, watch for the reverse and short, but for now stay with uptrend and look for break through level, retracement and bounce to the upside. looking for the breakthrough, retrace and bounce. Targets at 11998, 12494, 13199 and 13849