Expected downside movement in coming days to 52K level, followed by upward movement towards 58K level to break out above.
Note
Bottom target hit of ~ 52K. Now forming the cup of the cup and handle pattern. Looking for the break out in coming week to previous top of 61794. Need to see break out above ~ 61.7K with strong volume to confirm cup and handle patternNote
Need to see green daily candles close and reach neck line of cup and handle by ~ March 22 to confirm pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.