AB Money Rounding Bottom Pattern
Updated
Rounding Bottom Pattern near completion
Consistent Large Volumes show accumulation
BO Neckline - 52
Weekly Closing > 52 will confirm BO
Next Target is 71
Strong Support - 40 to 42
Stop Loss - 39
On Monthly Candle Stick chart too
Rounding Bottom Pattern is formed with neckline at 46
A monthly Closing > 46 will confirm BO
Next target on Monthly too is 72
Study Notes
AB Money Weekly Resistance as per Line Chart
51-72-81-98
AB Money Monthly Resistance as per Line Chart
55-71-87-120
Consistent Large Volumes show accumulation
BO Neckline - 52
Weekly Closing > 52 will confirm BO
Next Target is 71
Strong Support - 40 to 42
Stop Loss - 39
On Monthly Candle Stick chart too
Rounding Bottom Pattern is formed with neckline at 46
A monthly Closing > 46 will confirm BO
Next target on Monthly too is 72
Study Notes
AB Money Weekly Resistance as per Line Chart
51-72-81-98
AB Money Monthly Resistance as per Line Chart
55-71-87-120
Trade active
AB Money has formed Cup and Handle on Weekly Charts and also has the momentum. Wait for Breakout above 52 WCB.
Above 52 this will be a Bullet as it will be a multi-year BO and 60-70 should come very fast.
Disclaimer
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.