I know no one looks at a Monthly time frame forex chart, this pattern is called 'Mating Cup" and has a bullish implication
The blue arrow is at 61.8% retracement, zone is 24530 - 24550, an interesting setup on weekly charts
DM monthly -- was hearing news of huge derivatives exposure since a long time, wish i had seen the chart earlier
There is news of buyback but the negative divergence is appaling
Looks like the risk/reward is in favor of longs
Has a bearish overtone, although there is no breakdown from the triangle pattern