Price action broke out of the long term trend from December indicating a potential bull rally. Price has been falling in the last few weeks but I'm predicting a trend reversal in 2-3 weeks once the price touches the trend line. The dotted line shows the average path the price will travel before it reaches the trend line.
Profit target and stop loss is placed at key level of support and resistance. Once the price reaches the profit target, a possible double bottom would have formed indicating the possibility of a long term bull rally.
Profit target and stop loss is placed at key level of support and resistance. Once the price reaches the profit target, a possible double bottom would have formed indicating the possibility of a long term bull rally.