The pennant/symmetrical triangle formation (yesterday's post) has been drawn on chart with target price ca.31000.
The weekly buy signal has been generated as the level of 28650 has been broken. However, we are just below the important level of 29000 and it's risky to open positions right now. We shall wait until this level is broken and confirmed later (preferably with rebounce and increasing volume) - capital preservation is a priority and we don't have to rush.
Not much else can be said - next few sessions might decide market's future direction.
Tomorrow there is no session.
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