Chart analysis:
Pattern: Ascending triangle pattern is formed when the consolidation takes place. The pattern is formed from more than 6 months candles indicating strong pattern formation and after BO the trend continues.
Pullback: Pullback of last rally is between 0.382 and 0.5 which indicates the momentum is still present.
Volume: Volume dry up happening, confirming the consolidation phase.
Conclusion: Wait for the Ascending triangle BO supported by volume spike.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Pattern: Ascending triangle pattern is formed when the consolidation takes place. The pattern is formed from more than 6 months candles indicating strong pattern formation and after BO the trend continues.
Pullback: Pullback of last rally is between 0.382 and 0.5 which indicates the momentum is still present.
Volume: Volume dry up happening, confirming the consolidation phase.
Conclusion: Wait for the Ascending triangle BO supported by volume spike.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
注释
The stock is still in pattern formation and below the resistance zone. Waiting for the BO to initiate the trade.
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