The market formed a bearish candle, but its highest and lowest prices broke, respectively, the previous consolidation range's highs and lows.

Subsequently, the market entered a downtrend. This is a pure technical method that I have used in the past with over 90% effectiveness. It is important that everyone remembers and applies it in our current trades!

However, this time, CAON shows a significant difference compared to previous cases. This is because, in terms of trend, it has already achieved a bullish breakout on a broader time frame. Therefore, the current volatility is simply a necessary process to further confirm the trend after the breakout.

With the formation of this bullish candle, it is clear that the breakout, pullback, and continuation rule to the upside has been fully established. Hence, the speed of the upward movement will begin to accelerate from now on.

The current price is near 200 dollars, and next week it will surely exceed 240 dollars.

This increase is not solely based on technical analysis. From a fundamental perspective, the non-farm payroll report that will be released next week provides additional support for the market's bullish trend.

As I mentioned earlier, we analyze the market in three steps. The first is to identify if there are clear signals of a bullish movement. The second is to determine if, after the rise, the market could experience a drop.

We have already seen the first step. The recent candle with breakouts in both directions indicates that the upward trend will be swift.

The second step is based on our analysis of the non-farm payroll data for next week, which I will discuss further.

The third step is to determine how far the increase could go. According to historical patterns, reaching 240 dollars next week would mean that, with a 10% position...