Standard Cup and handle Pattern on Weekly Chart. Retracement from key dual supports. Downside is almost arrested. Low Risk High Reward. Slow Mover. Momentum will pick up later as MACD is turning bullish too.
Not
Don't panic if invested. Markets are retracing. 360-380 is a strong support zone.
Not
360-380 indeed was the strong support. Rallied and made a Pole-Flag pattern in the form of a cup. Indications show further up move.
*DISCLAIMER* For educational purposes only. Not a recommendation. Treat StopLoss as your best friend to get you out of troubles.
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Feragatname
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