If it confirms the bullish breakout the target is 150k. Also by breaking above 116k and solidifying that level as strong support, we will trigger an even bigger inverse head and shoulders pattern (not shown here) with a breakout target around 208k! I will provide a link below to the chart I posted of that pattern. Thanks for reading, liking, and following. *not financial advice*
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When a see price action climbing up the tan dotted measured mov line like a staircase suggesting it is confirming the breakout from the cup and handle. Also of note the large green top wick appears to have hit the breakout targetof the yellow inverse head and shoulders precisely.If price defies at some point to correct back down to retest the neckline probability favors that as an opportunity to add to my position.Nota
Had a brief dip ack below the rimline of the cup and handle but since then it has rebounded nicely nd is likely this time to head to the target more so than it is that it will dip back below the rimline. Nota
Had 2 more dips back below the neckline but it seem like this latest break above the neckline is finally the one that will validate the breakout. Because the neckline is slightly upward slanting, readjusting the measured move line to the point of the breakout would raise the target to around 152-153k
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.