PANTHEON RESOURCES ORD GBP0.01Telah dikemas kini #PANR #PantheonResources - It's about to move, but which way?
Impossible to call the next move other than to say it will happen within the next few hours - but is 50/50 up or down. Unfortunately a symmetrical triangle has no continuation or reversal bias.
Possible scenarios:
1. Break up - this will then likely proceed higher on a W3 move
2. Break down. Then we have two possibilities:
i. W2 continues down to 78.6% retrace, before W3 starts northward.
ii. The whole bounce was a dead cat one and it continues southwards.
For anyone wanting to trade this, look for the key areas and wait for a move before entering, would be my recommendation.
Possible scenarios:
1. Break up - this will then likely proceed higher on a W3 move
2. Break down. Then we have two possibilities:
i. W2 continues down to 78.6% retrace, before W3 starts northward.
ii. The whole bounce was a dead cat one and it continues southwards.
For anyone wanting to trade this, look for the key areas and wait for a move before entering, would be my recommendation.
Nota
Typo: "Potential W1 downside" annotation on chart should read "Potential W2 downside"
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.