RAND price had bearish pattern following strong resistance trend line since mid August now has broken and is retesting a bottom level, this level has retraced significantly 4 times and forms a triple bottom.
Trendline continued for months is finally broken i might have taken a bad entry but I expect it to go up at least 70 pips, and it broke out with a nice little double bottom as well concatenating for a bullish reversal
On the four hour time frame you see a increasing price trend then a flag, the live price has just broke the resistance line as show, and now has used the previous resistance line of the flag as support indicating towards an increase or continuation in the bearish direction
