It’s down trend was ended strongly with a tri-star pattern. It then created a higher high and higher low.
After breaking through the resistance level, it then presented another confirmation for the end of the current (down)trend with Three White Soldier pattern which symbolises the reversal from bear to bull.
Placing my fib zone from the first strong bullish movement (after the tri-star) the market has then respected the new support zone and is consolidating inbetween the gold zone.
I am waiting for it to break above and maybe retest it before placing my TP and SL
After breaking through the resistance level, it then presented another confirmation for the end of the current (down)trend with Three White Soldier pattern which symbolises the reversal from bear to bull.
Placing my fib zone from the first strong bullish movement (after the tri-star) the market has then respected the new support zone and is consolidating inbetween the gold zone.
I am waiting for it to break above and maybe retest it before placing my TP and SL