Bullish Divergence observed in JARIR after Bearish Butterfly (bearish harmonic reversal) pattern completion. As expected the Bearish Butterfly pattern reversed from point D (potential reversal zone) and created a bearish trend on a daily time frame. A bullish divergence is now observed and the trend will likely reverse and a bullish trend will likely start. If the bullish trend is confirmed, this can be a good point to take long positions.
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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.