A price action above 460 supports a bullish trend direction.
Further bullish confirmation for a break above 480.
The target price is set at 500 (upper range of the rounding bottom pattern.
the stop-loss price is set at 440 (200-day simple moving average).
The win/loss ratio is 1.6:1.
A rounding bottom pattern, also known as a saucer bottom or a bowl bottom, is a technical chart pattern that indicates a potential trend reversal from a downtrend to an uptrend. It is characterized by a gradual and rounded price formation resembling the shape of a bowl or a saucer.
Further bullish confirmation for a break above 480.
The target price is set at 500 (upper range of the rounding bottom pattern.
the stop-loss price is set at 440 (200-day simple moving average).
The win/loss ratio is 1.6:1.
A rounding bottom pattern, also known as a saucer bottom or a bowl bottom, is a technical chart pattern that indicates a potential trend reversal from a downtrend to an uptrend. It is characterized by a gradual and rounded price formation resembling the shape of a bowl or a saucer.
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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.