After heavy consolidation for 2 months I can foresee a potential breakout from the 1 yr+ triangle to supply zone @ apprx 85. SL is at 62. RR Ratio = 1.65. Always the possibility of denial at resistance trendline however this extended period of consolidation gives me the confidence of an overwhelming bullish sentiment
Best of luck!
Best of luck!
تعليق:
1st TP hit at 78. 10% up so far. Strong price action potential ability to wick high 80s however there is also the possibility of a new consolidation channel forming here that will cause NCC to range from 78-80 down to 62-65 till it breaks down in the coming months to form new lows