double bottom, then breakout over downtrend and consolidation with backtest.
Note
So far so good, we pushed off the resistance level and are now resting atop the first support zone. If we could consolidate here for another few days we can close the month on a good note.Note
uh oh, fakeout! Key levels 53k, then 49k. The latter would virtually be a backtest of the original downtrend line.Below that, trade closed.
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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.