longs on EJ -forcast for the coming month.
looking at EJ, it has currently initiated a downward channel. I am currently anticipating 2 things to happen.
CASE 1 -Studying the pattern closely, a head and shoulders pattern could be forming which could cause a rejection and change in direction at @130.500 , dropping down to 128.000 and below.
CASE 2 - we could have this bullish momentum continue to zones around 132.00, respecting the down channel.
** Would closely observe what happens tp price at 130.500 because that may determine the direction.
**** Not financial Advice
CASE 1 -Studying the pattern closely, a head and shoulders pattern could be forming which could cause a rejection and change in direction at @130.500 , dropping down to 128.000 and below.
CASE 2 - we could have this bullish momentum continue to zones around 132.00, respecting the down channel.
** Would closely observe what happens tp price at 130.500 because that may determine the direction.
**** Not financial Advice
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.