This chart shows a breakout setup, with the following levels as targets:
Breakout level: 5,935 (23.6% Fibonacci)
After the breakout from 5,935, the targets are:
First target: 6,038 (38.2% Fibonacci)
Second target: 6,123 (50% Fibonacci)
Final target: 6,209 (61.8% Fibonacci)
The invalidation level is at 5,771, where the breakout setup would be considered failed, indicating a potential revisit of the recent lows.
Breakout level: 5,935 (23.6% Fibonacci)
After the breakout from 5,935, the targets are:
First target: 6,038 (38.2% Fibonacci)
Second target: 6,123 (50% Fibonacci)
Final target: 6,209 (61.8% Fibonacci)
The invalidation level is at 5,771, where the breakout setup would be considered failed, indicating a potential revisit of the recent lows.
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