(1) Price slowly decreasing along with volume, suggesting lack of downwards momentum
(2) MACD on daily looking great - three gradually smaller humps
(3) Almost textbook falling wedge pattern
Feeling rather confident about this one, RW is good assuming you place a stop around 3200.
Targets:
It's hard to place a target. I would guess that first target would be the high made before, and then the dotted MA, which the price has returned to on several occasions. Stop just below the low (~3200)
I do not believe this is the bottom to end all bottoms. We need to visit the target first to see how the market reacts. If there is a strong rejection, we might see new lows, as it would suggest we simply completed an A-B-C pattern. If the market turns bullish - then we may have just seen the buy opportunity of a lifetime.
(2) MACD on daily looking great - three gradually smaller humps
(3) Almost textbook falling wedge pattern
Feeling rather confident about this one, RW is good assuming you place a stop around 3200.
Targets:
It's hard to place a target. I would guess that first target would be the high made before, and then the dotted MA, which the price has returned to on several occasions. Stop just below the low (~3200)
I do not believe this is the bottom to end all bottoms. We need to visit the target first to see how the market reacts. If there is a strong rejection, we might see new lows, as it would suggest we simply completed an A-B-C pattern. If the market turns bullish - then we may have just seen the buy opportunity of a lifetime.
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.
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.