On the above 3 week chart price action has corrected 85% since early 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Trend reversal. Higher highs have now replaced lower highs.
4) Support on past resistance.
5) The falling wedge pattern has now confirmed, 350% forecast from current levels.
Is it possible price action continues with the correction? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: You decide
Stop loss: 63
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Trend reversal. Higher highs have now replaced lower highs.
4) Support on past resistance.
5) The falling wedge pattern has now confirmed, 350% forecast from current levels.
Is it possible price action continues with the correction? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: You decide
Stop loss: 63
Trade ativo
Support on past resistance now confirmed.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.