Orchid 290% Profits Target, MA200 & Price Action Fractal

The classic signals are already present on this chart, the double-bottom, etc. But I also have a price action fractal plus an unconventional signal supporting a bullish jump.

The easy target here is 290%, it can be hit within months. Not more than two to be more exact after the bullish breakout is confirmed. Long-term there can be more growth.

The price action fractal is a 1,2,3 sequence. A correction leads to a low that leads to sideways and then a bullish breakout. (1) The correction, (2) then consolidation and finally (3) the bullish breakout.

The unconventional signal revolves around MA200. When MA200 starts to curve down prices tend to shoot up. Right now this indicator only has a tiny curve but this is the start.

If you look at the action around September 2024, MA200 started to curve down. Prices continued sideways for more then a month but eventually a bullish jump developed. It always happens when MA200 starts to curve down. As it goes down, prices go up.

This is another signal that can be used to spot a trend reversal.

Thanks a lot for your continued support.

Namaste.