Ascending triangle formation is in progress, post giving a false breakout on 13 oct and crashing, it might just get back in today, however, It needs to make a volcanic move up today or tomorrow to close around 2000 price levels to confirm the triangle.. good thing that results are later in the day, stop loss is 1770 on daily closing basis and target is 2420. triangle needs confirmation.
RSI is repeatedly rebounding from 40 level
maximum target date shown by vertical line on chart
RSI is repeatedly rebounding from 40 level
maximum target date shown by vertical line on chart
Comment:
fantastic results, volcanic upmove started, needs to close at high