Based on the Bat pattern, resistance and trendline, it seems that bulls will soon take the chargeback at 34.04 level, and a trend reversal is possible.
Bullish Indications 1. Possible Reversal at 34.87 - Bat Pattern 2. Resistance at 33.31 3. Nature, Time Cycles: Since Nov'20, it always comes to the support level @ 33.69 and bounces back. The same behavior is expected this time as well.
Bearish Indications 1. Lower highs and lower lows 2. Three black crows
Biased: Long after next LL
Plan A: Buy Buy at LL: 34.04 SL: 31.19 TP1: 40.13 TP2: 42.72 TP3: 46.00
Plan B: Sell Sell at 36.41 SL at HL 39.50 TP1: 33.50 TP2: 31.19
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