UPS: Double Bottom and Buy Opportunity
If the price breaks the local swing high, a double bottom chart pattern will be confirmed. It will give us a buy signal based on the breakout.
RSI confirmed the price reversal from 102.00 support. MACD is bullish.
If the price moves back to the support zone, it will be possible to buy using reversal signals from the daily and hourly timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
RSI confirmed the price reversal from 102.00 support. MACD is bullish.
If the price moves back to the support zone, it will be possible to buy using reversal signals from the daily and hourly timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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