Technical Analysis 1-May-2019
Price after touched red trend time (daily time franc) return and is going to upper green trend line . In addition we can see in hourly time franc a triangle pattern which is a sign of sharp movement with higher probity about bullish movement . With this abstract we for cast a move toward 1290 area .
Price is take place at a wedge pattern . In This pattern you can see a blue channel .Price is around upper line of this channel . We must wait until price reaction to this line and decide about .
Price is around Lowe line of channel . We expect a bullish movement toward upper line of channel . If channel break out we can input on start position .
Price break out upper line of drawn channel .We expect a bullish movement .
Price break out support area and is in a correction currently 61.8% of Fibonacci level is our target . After That we can decide about bullish or bearish move .
Price touched upper line of channel and return . We expect movement toward Lower line of channel .
Price is remain on triangle pattern on daily time frame .We expect movement until higher line of triangle pattern .