The down channel has broken in the counter.
Also, an inverse head and shoulder pattern formed as well in the process of testing the broken trendline.
If you want to be a bull in the market, you can’t ask for more than this combo.
The 50 bps rate cut bet is also off the table for now.
So, we expect a bullish rally in the counter for now.
Also, an inverse head and shoulder pattern formed as well in the process of testing the broken trendline.
If you want to be a bull in the market, you can’t ask for more than this combo.
The 50 bps rate cut bet is also off the table for now.
So, we expect a bullish rally in the counter for now.
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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.