Hi traders,
let's have a look at VRTX analysis on daily timeframe.
The support at 342$ has been retested many times however, this time we are expecting support to fail.
If horizontal support fails and the price breaks upslopping support (blue line), it will look more bearish and short position can be taken.
We define 3 targets which are shown on the chart. Reaching target 3 may take a lot of time, therefore patience is required.
Enter short position only if the price breaks strong support.
Do you agree?
let's have a look at VRTX analysis on daily timeframe.
The support at 342$ has been retested many times however, this time we are expecting support to fail.
If horizontal support fails and the price breaks upslopping support (blue line), it will look more bearish and short position can be taken.
We define 3 targets which are shown on the chart. Reaching target 3 may take a lot of time, therefore patience is required.
Enter short position only if the price breaks strong support.
Do you agree?
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