Sonm, which I'm personally very bullish on from a tech perspective, has recently broken a major support line (A.) but did bounce off a second (B.)
My best bullish prediction would be that we are forming a massive cup and handle , this is further support if you view the daily where the recent mini-crash failed to close any candles above the cup line.
As usual, i will look for a fresh influx of volume ALONG with a bearish break from the handle as an indicator to pull out.
Here's the handle on the daily
My best bullish prediction would be that we are forming a massive cup and handle , this is further support if you view the daily where the recent mini-crash failed to close any candles above the cup line.
As usual, i will look for a fresh influx of volume ALONG with a bearish break from the handle as an indicator to pull out.
Here's the handle on the daily
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A slight re-draw of the handle may show we're still on track