luckyluuuc

QYOU Descending Wedge Pattern - Bullish Signal Formation

luckyluuuc Atualizado   
TSXV:QYOU   QYOU MEDIA INC
The descending triangle (bearish signal) has played itself out confirming it's break below support and and is now forming a descending wedge (bullish signal). This pattern is confirmed with 3 reaction highs and 2 reaction lows (lower highs, lower lows). The daily chart looks primed for a breakout, the hour chart looks exhausted and may need a pull back. Will be following this to see whether indeed it does retrace to test support one more time or the breakout could be taking place soon.
Comentário:
QYOU has finally seen sufficient volume to break out of it's falling wedge pattern.
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