Hi
we are within a second middle part of a several correction index.
Technical reasons why i think its really possible a bullish breakout:
1) correction between a range level type (WXY) by segments W and Y in a zig zag
2) the price level is ascending into a big channel and going to target at point E
3) formation of a well-defined bearish bat harmonic pattern whose D-limit coincides with the length of the segment on his retracement at the 78.6 fibo
4) it is in a cumulative period bordering the lower axis whose breakout range is between the price level 28950 up and 2795 down
5) two MA are crossing up making a support of the price action and giving it momentum to continue climbing up
P.D.: take care about the range up&down and just wait and go for it to open a position!!!
we are within a second middle part of a several correction index.
Technical reasons why i think its really possible a bullish breakout:
1) correction between a range level type (WXY) by segments W and Y in a zig zag
2) the price level is ascending into a big channel and going to target at point E
3) formation of a well-defined bearish bat harmonic pattern whose D-limit coincides with the length of the segment on his retracement at the 78.6 fibo
4) it is in a cumulative period bordering the lower axis whose breakout range is between the price level 28950 up and 2795 down
5) two MA are crossing up making a support of the price action and giving it momentum to continue climbing up
P.D.: take care about the range up&down and just wait and go for it to open a position!!!