Weekly ABCD pattern on VALE5 before signs of reversal
- EMAs crossed suggesting bullish bias;
- Price getting out of volatility channel (upside)
- Rebound from the 50% retracement;
- Robust weekly candle;
- Possible ABCD pattern before any sign of reversal;
- Stoch is not losing pressure yet.
- Price getting out of volatility channel (upside)
- Rebound from the 50% retracement;
- Robust weekly candle;
- Possible ABCD pattern before any sign of reversal;
- Stoch is not losing pressure yet.
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