Hello everybody,
On a monthly basis, a positive development occurred, the index broke through the 572 zone and stayed above it, this again triggered an inverted SHS pattern that failed earlier in early August. In the candle stick there is also a bottom pattern (confirmed hammer) in the MACD a positive cross and the RSI is still in the bull market zone.
All signals that the trend can be further increased in the coming months. First the bulls still have to jump over 586 for further upward potential.
Regards,
TT
On a monthly basis, a positive development occurred, the index broke through the 572 zone and stayed above it, this again triggered an inverted SHS pattern that failed earlier in early August. In the candle stick there is also a bottom pattern (confirmed hammer) in the MACD a positive cross and the RSI is still in the bull market zone.
All signals that the trend can be further increased in the coming months. First the bulls still have to jump over 586 for further upward potential.
Regards,
TT
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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.