View attachment 312266
Today we get a hammer .... a good reversal signal . Just pure TA comment. This sort of pattern is a primary down trend , 2 scenarios can happen here
1 - like the above chart , former support turned resistance, respect that and resume falling will mean the primary downtrend is valid
2 - reboud and stay above the rising trend line , it will be false break and GAME ON for the longs
Chance for scenario 1 is higher.
One thing is certain, BAL will go up now either take profit at 12.1-12.2 or go long term. It is your call
