Potential cup and handle forming. Weekly uptrend support is was down at 129 if w did get a huge knock back in the market that would be my long idea area.
Howver as of now 148-150 is a strong are gave us a big bounce off of. This handle /failing channel reistance is arpund 170. Break of 170 should give us a clean rip to cup and handle neckline around 184. If we pop and backtest as new supprt 184s then we are lookin at a ver lean breakout. As of now I’d be loooking for a pull back or waiting for a break and confirmed hold above 170s
In the past double bottom range it was 153s that held price up. On a pull back that could be a sweet trade idea. Don’t chase just try to postion i some strength
Howver as of now 148-150 is a strong are gave us a big bounce off of. This handle /failing channel reistance is arpund 170. Break of 170 should give us a clean rip to cup and handle neckline around 184. If we pop and backtest as new supprt 184s then we are lookin at a ver lean breakout. As of now I’d be loooking for a pull back or waiting for a break and confirmed hold above 170s
In the past double bottom range it was 153s that held price up. On a pull back that could be a sweet trade idea. Don’t chase just try to postion i some strength
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.