Many chartist have speculated on the Adam & Eve bottom pattern... right now the market appears to be back testing the breakout levels of the pattern... IF it holds here above 10600 then the pattern should follow through and give us the juice to bounce out of the descending channel... HOWEVER we risk a much deeper pull back if the pattern fails and a decline to previous support around 8100 level could be tested.
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.