Looks like hammer pattern for me. Also, Stochastic shows oversold heading to normal zone. Bollinger Bands support was broken quite hardly and seems to be bounced back to middle.
MACD though still in downtrend.
All those can indicate some bulls will back to game for next day / couple of days.
Speaking of target, I expect to see something near 2100.
This is just some of my thoughts, not a trading advice.
Good luck everyone!
MACD though still in downtrend.
All those can indicate some bulls will back to game for next day / couple of days.
Speaking of target, I expect to see something near 2100.
This is just some of my thoughts, not a trading advice.
Good luck everyone!
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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.