Buying opportunity in the Commodity after complete formation.

The COmmodity is forming EVE Bottom, Eve Bottom reversal Pattern where the breakout is on the upside. The commodity has been trading at a lower range for a long period. A breakout from the pattern would be an opportunity to enter long in the commodity.

The Commodity is trading above the EMA's indicating a positive trend, and crossover is seen in the EMA currently indicating a buy signal as per MA studies.

or going long after the breakout the RSI should trade within 90, RSI trading above 90 would be a warning to not enter long until its dampen.

Advice : Buy the commodity if it is able to close above the neckline with RSI under 90

EVE Bottom in Formation

KUNAL KAMBLE

Nov 10 2022