Drawed some lines that look sensible to me. Lines I drew have multiple touch points each but direction is not immediately clear.
Support at 6600 is clear, which is currently holding. If it holds there appears to be bit of upward bounce movement from 6600 levels.
Short time price action will decide whether we break out on the top or bottom of the diagnosed triangle for the mid term.
Dont give targets because direction is not clear based on TA. Break-outs and supports will determine direction. Best recommendation is: be cautious. Still in a bear market, signs of reversal but not yet entirely confirmed by volume and TA.
Questions, please ask.
Support at 6600 is clear, which is currently holding. If it holds there appears to be bit of upward bounce movement from 6600 levels.
Short time price action will decide whether we break out on the top or bottom of the diagnosed triangle for the mid term.
Dont give targets because direction is not clear based on TA. Break-outs and supports will determine direction. Best recommendation is: be cautious. Still in a bear market, signs of reversal but not yet entirely confirmed by volume and TA.
Questions, please ask.