Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The market is approaching a significant support area 18,343.2.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 19,114.6 level.
P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Trade chiuso: obiettivo raggiunto
That was an excellent trade and the target was reached too!
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