A rounding bottom has defined very clearly. Once the price is outside the descending black trendline
we would expect to see a strong bullish
move, also as you can see price is already above ema
200 and wma
300 which is a good sign that the market is likely for it go higher, just likely.
That being said, we will wait for the price to be outside the trendline
to procede in a long trade. I'll update my trade entry with expected TP and SL once the confirmation is given.
Good luck and If you liked this analysis please give me a like, thank you!!