Can it continue towards 30$ to complete this pattern?
SYMC had an awesome year so far as the price nearly doubled itself since the double bottom formed during February.
The price is now struggling with a strong week structure zone (25-26$).
If the price will overcome this resistance zone it will probably continue north towards the next potential Sell Zone - 29-30$:
1. Completion of a bearish Gartley pattern
2. Overbought RSI
3. Trend line resistance (uptrend that was support now should act as resistance).
There's still long way to go till 30$ but if you are looking for longer term trading opportunity - Mark 29-30$ as long term bearish setup on your charts.
The price is now struggling with a strong week structure zone (25-26$).
If the price will overcome this resistance zone it will probably continue north towards the next potential Sell Zone - 29-30$:
1. Completion of a bearish Gartley pattern
2. Overbought RSI
3. Trend line resistance (uptrend that was support now should act as resistance).
There's still long way to go till 30$ but if you are looking for longer term trading opportunity - Mark 29-30$ as long term bearish setup on your charts.
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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.