First of all the weekly time frame is showing a WIDE Bullish divergence.
As of now it is making a classical charting pattern "Cup And handle Pattern" which works almost 87% of the times.
Price is near a key dynamic support zone
The cup and handle can also become a inverse head & shoulders pattern,again a strong bullish signal.
As of now it is making a classical charting pattern "Cup And handle Pattern" which works almost 87% of the times.
Price is near a key dynamic support zone
The cup and handle can also become a inverse head & shoulders pattern,again a strong bullish signal.
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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.