2618 stands for: 2 = double top or double bottom ; 618 stands for 0.618 retracement.
We have a double bottom, market did a new higher high and now market retraced exactly at the 0.618 Retracement with a bullish engulfing pattern.
We have a double bottom, market did a new higher high and now market retraced exactly at the 0.618 Retracement with a bullish engulfing pattern.
Note
Exit trade if market breaks trough and CLOSES under the Red Line.
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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.