We continue to look for a rally towards the S/H/S bottom neckline seen near 67.40. A break above this level will activate the bottom formation for a rally towards the S/H/S target seen near 97 and possibly even closer to the extension target near 117.
That said, we need a break above minor resistance at 58.31 to confirm the next rally towards the neckline resistance. As long as resistance at 58.31 stays untouched we could see a final dip just below 52.50, but the potential downside movement should be very limited from here.
Relevance up to 06:00 2022-09-22 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
