SUB - Potential Break out of Triangle.
SUB had looked pretty promising after forming a bullish divergence but because of recent events and the market tanking, we didn't get so lucky.
I do see a symmetrical triangle forming which could play either way, bullish or bearish but I' am going to stay optimistic on this one and say we see a breakout to the past S/R. After hanging around there, we should get a nice push to around .2000.
Indicators:
- Volume has increased
- Buy Book has increased
- MACD cross confirmed on the 4 hr.
- RSI Bullish/ Double Bounce
Let me know what you think and if you see anything that you don't agree with, it would be appreciated.
I do see a symmetrical triangle forming which could play either way, bullish or bearish but I' am going to stay optimistic on this one and say we see a breakout to the past S/R. After hanging around there, we should get a nice push to around .2000.
Indicators:
- Volume has increased
- Buy Book has increased
- MACD cross confirmed on the 4 hr.
- RSI Bullish/ Double Bounce
Let me know what you think and if you see anything that you don't agree with, it would be appreciated.
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.