It show a trend revasal pattern on the daily chart!! The double bottle pattern, where the second button is not meeting with the first 1. That means loss of momentum from the bears.
The first bottom. Is a retest of a long term support which should have either break out or retested. It restated and the second bottle trying to retest that zone, but with low momentum. Trend revasal!!
Waiting signal is the candle pattern that show the bulls are ready to pull up. Once we see that, there is probability of an updrend.
The first bottom. Is a retest of a long term support which should have either break out or retested. It restated and the second bottle trying to retest that zone, but with low momentum. Trend revasal!!
Waiting signal is the candle pattern that show the bulls are ready to pull up. Once we see that, there is probability of an updrend.