Tried to break out of that falling wedge on Thursday’s news, but the move didn’t quite have the juice yet. Still, the chart looks like a bottom might be in, and if that’s true, we could be setting up for a strong push higher.
First targets I’m watching: $5.43 (4H 50DMA), then $5.99 (wedge breakout calculated target). If we can get a solid close above $5.99, that opens the door toward $7 thanks to the big price/volume gap (yellow zone) that usually acts like a vacuum.
I’m already in this trade - but if we close under $4.6 - 4.65, I’ll admit the setup is broken.
First targets I’m watching: $5.43 (4H 50DMA), then $5.99 (wedge breakout calculated target). If we can get a solid close above $5.99, that opens the door toward $7 thanks to the big price/volume gap (yellow zone) that usually acts like a vacuum.
I’m already in this trade - but if we close under $4.6 - 4.65, I’ll admit the setup is broken.
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Enjoying this free analysis? You can find more free content on my X profile
x.com/zedryaz
x.com/zedryaz
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。