Bullish Scenario
A triple bottom is a visual pattern that shows the buyers (bulls) taking control again.
A sustained move over 16332.00 will indicate the presence of buyers. The first target is 16434.75. This pivot is a potential trigger point for an acceleration to the upside with 16767.50 the next major target.
A triple bottom is a visual pattern that shows the buyers (bulls) taking control again.
A sustained move over 16332.00 will indicate the presence of buyers. The first target is 16434.75. This pivot is a potential trigger point for an acceleration to the upside with 16767.50 the next major target.
Comment:
Analysis based on pure technical - trend line - triple bottom pattern- Fib retracement (power of Fibonacci Retracement, so we can use as like our advantage in the future), I think now patience is the essential key.
Comment:
Triple bottom is working!
Trade closed: target reached