The inverted head and shoulder pattern can be observed in the chart. It is a bullish reversal chart pattern indicating potential shift from downtrend to uptrend. The green horizontal line was the support that was broken with a gap and is the potential target for the bulls to reach. The Fibonacci retracement from 1807 to 1084.05 provide important levels for the bulls to watch for. The GANN Sq9 provide near term support and resistances .
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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.