So, according to Bulkowski's Ascending Triangle theory, we are going to see retracement till 0.786 fib level or lower triangle and after that pullback to 12000 which is 1.618 fib level.
Additionally, Stoch Rsi indicator is on oversold level, which is a signal for bullrun soon. Although, if we fall lower than 0.786 level, it will indicate longterm downtrend, which has started on January.
Additionally, Stoch Rsi indicator is on oversold level, which is a signal for bullrun soon. Although, if we fall lower than 0.786 level, it will indicate longterm downtrend, which has started on January.
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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.