Hi all, my previous idea predicted the red dotted line was the base of a double bottom reversal. After what looks like a fakeout to the downside, we have returned to the dotted line as support.
On shorter term time frames it looks like we have formed an inverse head and shoulders reversal pattern. This is further evidence the dotted line is the short term bottom and more upward movement can be expected.
On shorter term time frames it looks like we have formed an inverse head and shoulders reversal pattern. This is further evidence the dotted line is the short term bottom and more upward movement can be expected.
Note
equilibrium pattern formingNote
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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.