Technical analysis by Hadi_karaali about Symbol ALGO: Buy recommendation (11/27/2023)

ALGO LONG TERM REVERSAL Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. What's next on ALGO. As we can see price is still sitting around our all-time low adding on around a strong round number, where we will be looking for new longs as well. Meanwhile, for the bulls to take over from a long-term perspective, we need a break above the marked major swing high in a shape of inverse head and shoulders pattern, if that happens, then a movement higher would be expected. Until that price is still overall bearish and price can still trade lower and lower. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!