Long
On a VERGE of going up?
4H-D1
Potential Butterfly forming wherein price is at the C leg of the move.
Also a potential Head and Shoulders pattern can be spotted.
I expect price to bounce between 200-217 price levels before price moves up.
Price may even test the neckline, but I dont expect price to go beyond the
neckline due to it being a strong daily support zone.
If the price breaks the 220 price level, then I expect price to continue its
uptrend momentum.
Potential Butterfly forming wherein price is at the C leg of the move.
Also a potential Head and Shoulders pattern can be spotted.
I expect price to bounce between 200-217 price levels before price moves up.
Price may even test the neckline, but I dont expect price to go beyond the
neckline due to it being a strong daily support zone.
If the price breaks the 220 price level, then I expect price to continue its
uptrend momentum.
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