ASEA strong w only 0.382 retracement range;15 wedge BO or 13.40?
ASEA has been in this yellow box consolidation range sine Feb2018 except during the pandemic plunge which is a BLACKSWAN event & should be discounted. The base of this box is at 13.40.
Right now ASEA is making a falling wedge. A falling wedge has a greater chance to break to the upside. If it holds the middle green zone of this box & bounce above 15, it will be a good time to buy.
But if green zone fails, next support buy zone is at a 13.40 bounce.
Maximum pain level is at 11.65, the FIB 0.618 pivot.
Not trading advice
Right now ASEA is making a falling wedge. A falling wedge has a greater chance to break to the upside. If it holds the middle green zone of this box & bounce above 15, it will be a good time to buy.
But if green zone fails, next support buy zone is at a 13.40 bounce.
Maximum pain level is at 11.65, the FIB 0.618 pivot.
Not trading advice
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.