OKB has full formed a curve for the cup pattern, retesting previous resistance as support near the 29.9-30 levels.
Now we use the fib levels to extend for a TP target at 1.618 level at 39.39
We draw the full depth of the cup pattern and extend it above to coincide with the 1.618 level
Volumes also show buyers trying to break the 33 resistance level, with at least 6 touches already on the 1H
MACD crossing over to upside with momentum.
TP 39.397
SL 20.0895
Very favorable RR 2.56
Now we use the fib levels to extend for a TP target at 1.618 level at 39.39
We draw the full depth of the cup pattern and extend it above to coincide with the 1.618 level
Volumes also show buyers trying to break the 33 resistance level, with at least 6 touches already on the 1H
MACD crossing over to upside with momentum.
TP 39.397
SL 20.0895
Very favorable RR 2.56
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