It had a double bottom, previously tested level that wasn't broken, engulfing bullish candles, long term bullish structure and it is one of the patterns I trade. Earlier I couldn't explain but this is why I had placed my Longs here and SL just under previous lows. Those that are busy move your SL to just into profit or BE, the market is not your fathers house remember that when trading.
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.