This month is about to close with a Bullish Engulfing candle. On the weekly timeframe, a clear W pattern has formed, supported by a bullish RSI divergence, strengthening the bullish outlook. The daily timeframe also reflects a W pattern, and price action is now shaping a pole and flag pattern near the neckline of the previous formation. With major resistance around 183, a decisive breakout above this level could trigger a bullish move toward 210.
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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.