Price has formed a Double Bottom Reversal pattern at the daily trendline support, signaling a potential trend reversal from bearish to bullish.
The neckline breakout confirms the trend reversal => creating higher high.
Trading Strategy:
Look for a pullback to the neckline (marked on the chart) as a high-probability buy zone.
The neckline breakout confirms the trend reversal => creating higher high.
Trading Strategy:
Look for a pullback to the neckline (marked on the chart) as a high-probability buy zone.
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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.
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.