The dive in the crude oil has resulted in the formation of bullish ABCD pattern.
The pattern is gaining support and the bearish pressure has stalled.
Moreover, the RSI indicator has made a bullish crossover as well.
Hence, we expect the counter to move to the levels of 60.35 to test the broken support.
The pattern is gaining support and the bearish pressure has stalled.
Moreover, the RSI indicator has made a bullish crossover as well.
Hence, we expect the counter to move to the levels of 60.35 to test the broken support.
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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.