Bullish rectangle forming after an uptrend ending on 21st April 2020 indicates a probable uptrend when the rectangle is completed.
Rectangle pattern denotes investor confusion regarding price, which corrects itself with a following uptrend or downtrend.
Go long when price falls near 1230. Stop loss at 1195.
Rectangle pattern denotes investor confusion regarding price, which corrects itself with a following uptrend or downtrend.
Go long when price falls near 1230. Stop loss at 1195.
Comment:
The analysis proved to be true. Price fell to 1250, and went as high as 1600!