Here is an updated, side-by-side comparison of the September-October 2020 price action versus the current February-March 2021 price action.
There is a striking similarity between the two charts. I have labeled and color-coded the majority of them on both of charts.
If we expect the pattern to continue then we should watch for a breakout of the bullish wedge as the initial confirmation.
A secondary break above 13350 will form and confirm a large inverse head and shoulders breakout which should lead price to the primary target at 13500.
Take a look at the initial idea I shared below 👇🏽
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
There is a striking similarity between the two charts. I have labeled and color-coded the majority of them on both of charts.
If we expect the pattern to continue then we should watch for a breakout of the bullish wedge as the initial confirmation.
A secondary break above 13350 will form and confirm a large inverse head and shoulders breakout which should lead price to the primary target at 13500.
Take a look at the initial idea I shared below 👇🏽
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.