Anticipated Break-Out and Retest Continuation Triple Bottom
After a temporary consolidation at support turned resistance zone, we saw a strong momentum to the downside creating a LOW on the 13th May, 2021. Then a correction 61%+ which created triple top pattern with a sell off creating a confirmed (SUPPORT) TREND-LINE on the 23rd May, 2021. With this confirmed trendline in view, we also confirmed a double bottom which later went BULLISH, fast forward to the last bottom which nearly hit the trendline ( But didnt touch), a BULLISH move occurred with the RESISTANCE ZONE been tested and a retest which has lasted for about 4-5 days, seeing this creating a channel up, I am anticipating a break above the and a retest back to the channel creating a support and then a BULLISH MOMENTUM to take a BUY ENTRY. Our target would be the resistance level.
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