NBCC - Bottomed Out
Long weekly down trend appears to have bottomed out with a surge in volumes forming a "Cup" pattern.
Thereafter, slight retracement from marked yellow resistance zone confirms formation of the "Handle" to the "Cup".
Breakout of the Cup & Handle is indicative of a Bullish Reversal, which could push up towards the next resistance zone.
NFA. DYOR.
Thereafter, slight retracement from marked yellow resistance zone confirms formation of the "Handle" to the "Cup".
Breakout of the Cup & Handle is indicative of a Bullish Reversal, which could push up towards the next resistance zone.
NFA. DYOR.
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.
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.