Awaiting Confirmation of Bullish Reversal
Fundamentally not so strong but the bearish moment is now fighting.
We do not have only one confirmation.
On Weekly Chart, We have a sluggesh Head and Shoulder pattern.before its tripple bottom.
The two patterns were undervalued by investors which lead the weekly close below its monthly support (note: monthly support was also confirmed by 61% Fibb Level on Monthly chart from its bottom till up.)
In my opinion, a weekly close above will create an engulfing bullish with the greater volume. Which may indicate the price to @280 area and a weekly close above @280 will disclose the price beyond 500:
OFFCOURSE ITS A LONG TERM GAME!
We do not have only one confirmation.
On Weekly Chart, We have a sluggesh Head and Shoulder pattern.before its tripple bottom.
The two patterns were undervalued by investors which lead the weekly close below its monthly support (note: monthly support was also confirmed by 61% Fibb Level on Monthly chart from its bottom till up.)
In my opinion, a weekly close above will create an engulfing bullish with the greater volume. Which may indicate the price to @280 area and a weekly close above @280 will disclose the price beyond 500:
OFFCOURSE ITS A LONG TERM GAME!
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