Beautiful right angled and descending broadening formation here on QI.
We've gotten a retest of the top of the range, and potentially looking at the partial decline here. A retest of the range high, would statistically favor a breakout.
You could target retracement levels into the 618, but the measured move of the bottom is 0.128
Often time these patterns will complete after an upthrust thru the consolidation to the left before they were formed, which would make a final target around .22-.27, more than a 10x from here.
We've gotten a retest of the top of the range, and potentially looking at the partial decline here. A retest of the range high, would statistically favor a breakout.
You could target retracement levels into the 618, but the measured move of the bottom is 0.128
Often time these patterns will complete after an upthrust thru the consolidation to the left before they were formed, which would make a final target around .22-.27, more than a 10x from here.
discord.gg/2b6UjxEY
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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.
discord.gg/2b6UjxEY
Join our free discord.
Join our free discord.
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.