First of all the weekly time frame is showing a WIDE Bullish divergence.
As of now it is making a classical charting pattern "Cup And handle Pattern" which works almost 87% of the times.
Price is near a key dynamic support zone
The cup and handle can also become a inverse head & shoulders pattern,again a strong bullish signal.
As of now it is making a classical charting pattern "Cup And handle Pattern" which works almost 87% of the times.
Price is near a key dynamic support zone
The cup and handle can also become a inverse head & shoulders pattern,again a strong bullish signal.