Tendency: Temporary bullish, then bearish.
The price might be forming an ABCD pattern
A strong push to the upside might indicate the price is moving to the 61.8% retracement level
A double bottom also formed indicating a reversal to the upside
The price might also be forming a Gartley pattern
The price might be forming an ABCD pattern
A strong push to the upside might indicate the price is moving to the 61.8% retracement level
A double bottom also formed indicating a reversal to the upside
The price might also be forming a Gartley pattern
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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.