It could initially return to daily pivot 21915 or if it gets below 21800, it most likely look for weekly pivot 11575. This is in case it opens lower.Since it is breaking above the top of the triangle 21800, it might open with force next Monday and progress above 22500. The mechanics of an ascending triangle is of continuation, in this case upwards. We will see next Monday. The projection of this triangle is to the 25000's area. The fact that next Friday is FND is important but when markets are in a defined down trend Usually the FND has a negative effect on trading.Conversely when they are in a defined up trend, which is the case now. Next weekly cycle within December 17th-31st. Nagual |
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