The VELO chart has completed a retest after a classic Bearish Rising Wedge breakout.
It's currently heading directly towards the demand zone.
A strong reaction from here could lead to a return to the wedge; otherwise, a major decline could open the door.
It's currently heading directly towards the demand zone.
A strong reaction from here could lead to a return to the wedge; otherwise, a major decline could open the door.
Trade ativo
VELO demand zone reaction | critical moment 🔃Velo perfectly reacted from the demand zone after the Rising Wedge breakdown retest.
As long as this reaction holds, a revisit to the wedge area remains likely.
However, losing momentum here could still trigger the larger decline scenario once again.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.