The Daily chart shows an inverse Head and Shoulder pattern which is trend reversal pattern (bullish signal)
The MACD is above 0 (bullish signal)
RSI seems to be strong
Having said this we might see a downturn to around 40K or even 38K before we see it bounce back to 58K support level
This is not financial advise.
The MACD is above 0 (bullish signal)
RSI seems to be strong
Having said this we might see a downturn to around 40K or even 38K before we see it bounce back to 58K support level
This is not financial advise.
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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.
Disclaimer
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.