Previous Trend: Bearish, confirmed by Lower Highs (LH) and Lower Lows (LL).
CHoCH (Change of Character): Bullish signal—price broke previous LH.
Pattern: Rounded bottom forming near the 200 EMA (~155), acting as strong support.
Volume: Slight pickup near bottom—early sign of accumulation.
Outlook: Bullish reversal likely. Break above CHoCH with volume confirms uptrend.
CHoCH (Change of Character): Bullish signal—price broke previous LH.
Pattern: Rounded bottom forming near the 200 EMA (~155), acting as strong support.
Volume: Slight pickup near bottom—early sign of accumulation.
Outlook: Bullish reversal likely. Break above CHoCH with volume confirms uptrend.
Trade closed: stop reached
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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.