The bigger picture
Before I thoroughly go through my chart. I want you to ignore the parameters you see on the chart because they were calculated at the highest/lowest points.
The pattern that I have tried to illustrate, goes by the name of A bullish 5-0 pattern. It is joined with the anticipated bearish bat pattern.
Prices are struggling to fall. Look back on May 18, there was a double bottom which indicated the change of trend. The market at the moment is accumulating stock holdings from weak holders to strong holders which always results into bull market.
Good luck and happy trading :)
The pattern that I have tried to illustrate, goes by the name of A bullish 5-0 pattern. It is joined with the anticipated bearish bat pattern.
Prices are struggling to fall. Look back on May 18, there was a double bottom which indicated the change of trend. The market at the moment is accumulating stock holdings from weak holders to strong holders which always results into bull market.
Good luck and happy trading :)
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