Sun. Dec 22nd, 2024

Breaking out after a retrace from a previous failed attempt at breaking the resistance line. Check the monthly candle chart with 10 years of data. The arrow is the measured move added to the horizontal breakout line.

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Weekly candle chart (5 years) shows the weekly break from that huge bottom formation.

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The daily candle chart (1 year) details the move out of resistance area. Check out the breakaway gap.

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If the current monthly candle can close above the breakout line, it’s a go with target at the 35 mark. Note, watch out for some turbulence around the 28 mark (previous resistance).