FR40: Symmetrical triangle

FR40, Daily

In the Daily timeframe, FR40 formed a symmetrical triangle pattern. Price tests the upper trendline and critical resistance along with DEMA and TEMA. William's %R shows a slight overbought trend in the short term.

• A break of the trendline above 7500 and Exponential Moving Averages will open the way to 7700;

• A bounce off the upper trendline would bring FR40 back to the lower trendline to 7200;