Looking for a break low. I do not think this is the turn around yet even though we have a daily double bottom weekly and monthly trend is still BEARISH. Until we break the downward range on daily we will stay bearish.
Should we get an INV head n shoulder with a double bottom head and right shoulder formation around 70.30 then the possibility of a turn around on weekly can become more probable. A break above July 22nd HIGH with a daily close will also make this bullish. Stay bearish until then!
Should we get an INV head n shoulder with a double bottom head and right shoulder formation around 70.30 then the possibility of a turn around on weekly can become more probable. A break above July 22nd HIGH with a daily close will also make this bullish. Stay bearish until then!
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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.