A bullish break from the inverse head and shoulders pattern would add credence to the repeated rebound from 108.30 area and open doors for a 'slow' rise to 109.20-109.50 levels.
On the lower side, only a daily close below 108.00 would signal continuation of the larger downtrend from the 118.66 levels.
On the lower side, only a daily close below 108.00 would signal continuation of the larger downtrend from the 118.66 levels.
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Related publications
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.