If this Inverted Head and Shoulders pattern completes it gives confirmation of strong upward momentum after having tested the downside multiple times.
Supporting this on the Dialy time frame RSI as at 50, perfect territory for a rally, after this short accumulation, the market is apt to rise. Additionally MACD lines a widening in a bullish opening.
Target of 7800.
Supporting this on the Dialy time frame RSI as at 50, perfect territory for a rally, after this short accumulation, the market is apt to rise. Additionally MACD lines a widening in a bullish opening.
Target of 7800.