The counter has formed a bullish diamond pattern.
The FOMC is widely expected to make a 25 bps cut and so there could short covering before the news.
Hence, we expect the counter to be bullish in the short-term.
The FOMC is widely expected to make a 25 bps cut and so there could short covering before the news.
Hence, we expect the counter to be bullish in the short-term.
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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.