made a bottom on November 25th at 6,515 and is on an extended rebound since with 4H turning bullish
again ( RSI
= 59.215, Highs/Lows = 205.5661, CCI
= 110.4245). What is more striking is the impressive symmetry of the candle action as the pattern that emerged is an Inverted Head and Shoulders
. The neckline is completed within 8,070 - 8,235 and this is our Target Zone for the short term. *note: The price is above the 4H MA50 again, which is holding so far.
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