After the bottoming of 37.66 in August 2024 the market went sluggish, but it maintained a bullish swing where rising bottoms were exhibited. A rounded bottoming pattern presented itself with a divergence showing towards the current recent low 48.27 and MACD is moving into positive territory suggest upside potential.
Leaning on the wave principle, wave c is likely in the making toward the prior wave b (yellow) as an objective.
Support from the rounded bottom formation together with the wave count mitigate a firmer market in the months ahead.
Leaning on the wave principle, wave c is likely in the making toward the prior wave b (yellow) as an objective.
Support from the rounded bottom formation together with the wave count mitigate a firmer market in the months ahead.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.