CPI - Monthly analysis
CPI has been on a long term downtrend since 2015.
Price is testing the ATL (All time Low) support and descending channel resistance.
RSI is printing a bullish divergence signal.
Price action is printing a double bottom trend reversal pattern.
Bullish ⬆️ - breakout above the double bottom neckline resistance + descending channel resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the ATL (All Time Low) support.
Price is testing the ATL (All time Low) support and descending channel resistance.
RSI is printing a bullish divergence signal.
Price action is printing a double bottom trend reversal pattern.
Bullish ⬆️ - breakout above the double bottom neckline resistance + descending channel resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the ATL (All Time Low) support.
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