The “Bullish Engulfing” patterns suggests an early signal that the current correction is nearing its limit, Potential rebound above the 50% of the Fibonacci Retracement , Index is likely to break above the 40-day MA line (red) in the later sessions, A spike in the 14-day RSI indicator implies momentum is growing: Look for bullish confirmation.
(Disclaimer: All the information are mean for educational and informational purposes only, and is made available to you as self-help tools for your own use. This is not intended to be a substitute for professional financial advice.)
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.