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Rounded Bottom Pattern formed in a downtrend.
Waiting for the charts to close above 200.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Bullish pattern with 3 falling wedges followed by symmetrical triangle which gave a breakout. The target is 520 levels. Once 520 is achieved a rounded bottom pattern would be formed. Post that we have to wait for the charts to break the neck, for further upside.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post ...
looking round bottom
we missed bottom but we have top
we can observe there is combination of inverse head & shoulder with cup pattern or rounded bottom
All cargo formed a round bottom with depth of 45 pts from neckline to the bottom in 7 months with the formation being complete at 200.45 . A tgt of 245 can be seen in mid term with entry points being above 200 on closing basis and stoploss below the low of the breakout candle
Rounded Bottom pattern formation on EURUSD and it will break on upside.
Buy above - 1.15315
Target 1 - 1.19027
Target 2 - 1.22900
Stop Loss - 1.09915
Long term downtrend broken in Weekly charts
Rounding bottom complete.
Stock seeing strong volumes these days
Buy above 38 and Trail SL