We can observe on the January 14 daily candlestick (which was also the start of a new weekly candlestick) a classic bullish engulfing pattern.
Price is currently flagging and we could expect one more push up towards 3880-3900 before seeing the anticipated move towards the 3500 half quarter - to then see the next reaction of price.
Depending on which side you choose to play, there are favourable scenarios for bulls and bears!
Remember that trading involves risk and this is to be used for educational purposes only.
Price is currently flagging and we could expect one more push up towards 3880-3900 before seeing the anticipated move towards the 3500 half quarter - to then see the next reaction of price.
Depending on which side you choose to play, there are favourable scenarios for bulls and bears!
Remember that trading involves risk and this is to be used for educational purposes only.
