Good morning Traders! From a technical point of view, a BULLISH ENGULFING pattern appeared on daily chart with a target around 1,270. NOTE: If the price falls below low, the pattern will be canceled.
If you think this analysis can be useful, leave a your comment or your LIKE! Thank you for support and trade with care!
if it doesn't reach 1270 then pattern is cancelled means then...?
will it be on a breaking spree below 1236 then??
TheAnonymousBanker
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@rameezcfa, Hi, this is only a pattern analysis, not a setup
khmammed
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@SignalSwiss, I m fully agree with you SignalSwiss I m already in waiting for 1270
sakidrug
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thx
Dmitry_Ternovsky
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Hi SignalSwiss!
Must this pattern working today, or in during some days without breaking 1252?
epalazzo
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Thank you!
InvestingScope
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Excellent projection candles, nice illustration of the 1D Channel Down and an upcoming Lower High. We expect a break out to the upside to take place after the 1W double bottom near 1237. Here is our view:
will it be on a breaking spree below 1236 then??