The counter has consolidated in the past few days after a decent bull run.
Now, it has formed a double bottom pattern in the smaller time frame and sizing up for a big move.
With the fed widely anticipated to cut the rate by 25 bps today, we expect the counter to be bullish in the short-term.
Now, it has formed a double bottom pattern in the smaller time frame and sizing up for a big move.
With the fed widely anticipated to cut the rate by 25 bps today, we expect the counter to be bullish in the short-term.
Trade closed: target reached
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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.