Tue. May 28th, 2024

Agu is approaching it’s breakout line of 115 (resistance) on the monthly candle 7 year chart. It’s also in the midst of a HUGE 6 year ascending channel. The implied measured move target would maybe (over time) coincide with the ascending channel’s upper boundary.

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The weekly candle 5 year chart shows the approach to the 115 mark.

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The daily candle 1 year chart shows us some “noise” below the rising trend line. Remember this post on how to avoid whipsaws using the noise reduction power of the monthly candle.

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Set your alert at the 115 level and wait. The target would be 150, IF the monthly candle can close above 115.

Check this post on patience if required.