Can it continue towards 30$ to complete this pattern?
SYMC had an awesome year so far as the price nearly doubled itself since the double bottom formed during February.
The price is now struggling with a strong week structure zone (25-26$).
If the price will overcome this resistance zone it will probably continue north towards the next potential Sell Zone - 29-30$:
1. Completion of a bearish Gartley pattern
2. Overbought RSI
3. Trend line resistance (uptrend that was support now should act as resistance).
There's still long way to go till 30$ but if you are looking for longer term trading opportunity - Mark 29-30$ as long term bearish setup on your charts.
The price is now struggling with a strong week structure zone (25-26$).
If the price will overcome this resistance zone it will probably continue north towards the next potential Sell Zone - 29-30$:
1. Completion of a bearish Gartley pattern
2. Overbought RSI
3. Trend line resistance (uptrend that was support now should act as resistance).
There's still long way to go till 30$ but if you are looking for longer term trading opportunity - Mark 29-30$ as long term bearish setup on your charts.
Penafian
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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.