PNB - 4 Days Rectangular Consolidation (What's Next?)

٥ أغسطس ٢٠١٦

The price action is been consolidating for past four days in the range of 120-124 (3-4%). I'm expecting a breakout next week with a big move. It will be interesting to see whether the price action breaks 124 levels and reach out to the previous high at 136 or whether the correction continues and the price action breaks 120 levels and reach out to 115-116 levels to the next support levels.

I don't predict charts but I follow the price action, I give a chance to you to observe the same, it is best to way to learn and be safe in trading.

I will update you once I get to see the breakout.