This can be a textbook example of rounding bottom.
If it consolidates around 5000 mark to create cup and handle pattern the breakout will be very powerful.
If it consolidates around 5000 mark to create cup and handle pattern the breakout will be very powerful.
Comment:
Handle under formation...
Trade active:
Breakout with decent volume.
SL 4590
Target 5990
SL 4590
Target 5990
Trade closed: target reached:
In a most unusual move the gap up opening at 5900 saw the selloff from the top and sell on news happened..
