The market is forming a Double Bottom pattern, signaling a potential bullish reversal. Wait for a breakout above the neckline with a strong bullish candle to confirm the move! π₯
π Technical Analysis
β πΉ Double Bottom Pattern β A strong reversal setup β π Breakout Confirmation β Look for a big bullish candle above the neckline β π Trend Shift β Potential move toward higher resistance levels
π― Target Levels:
π 76.00 β First bullish target π 78.50 β Extended target for further upside
π’ Trading Strategy:
πΉ Wait for a confirmed breakout above the neckline πΉ Ensure strong buying momentum before entering πΉ Follow the trend and manage risk with a stop-loss below the neckline
π The market is setting up for a strong bullish moveβstay patient and capitalize! π
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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.