Bullish Scenario
A triple bottom is a visual pattern that shows the buyers (bulls) taking control again.
A sustained move over 16332.00 will indicate the presence of buyers. The first target is 16434.75. This pivot is a potential trigger point for an acceleration to the upside with 16767.50 the next major target.
A triple bottom is a visual pattern that shows the buyers (bulls) taking control again.
A sustained move over 16332.00 will indicate the presence of buyers. The first target is 16434.75. This pivot is a potential trigger point for an acceleration to the upside with 16767.50 the next major target.
Note
Analysis based on pure technical - trend line - triple bottom pattern- Fib retracement (power of Fibonacci Retracement, so we can use as like our advantage in the future), I think now patience is the essential key.Note
Triple bottom is working!Trade closed: target reached
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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.