**This analysis links with my idea published on Jul 13th here:
TECHNICALS:
1.
- Price has formed a double bottom bullish reversal pattern off the 3Yr trend-line as well as the 1240 Pyschological level
- Neckline is found @ 1266.22
- This level would need to be broken to confirm the bullish reversal
2.
- The second bottom of the pattern broke below both the trend-line and 1240 level on lower timeframes, however on the Daily AND Weekly timeframes this produced a rejection candle
with a long lower wick below the trend-line and 1240 level
Appreciate any thoughts/comments,
Thanks for reading,
James
TECHNICALS:
1.
- Price has formed a double bottom bullish reversal pattern off the 3Yr trend-line as well as the 1240 Pyschological level
- Neckline is found @ 1266.22
- This level would need to be broken to confirm the bullish reversal
2.
- The second bottom of the pattern broke below both the trend-line and 1240 level on lower timeframes, however on the Daily AND Weekly timeframes this produced a rejection candle
with a long lower wick below the trend-line and 1240 level
Appreciate any thoughts/comments,
Thanks for reading,
James