AASTER 4H Analysis
After forming a clean Cup & Handle pattern, price has been consolidating within a descending triangle near the $1 zone.
Momentum indicators show a bullish divergence, suggesting potential reversal.
A confirmed breakout above the descending trendline could trigger the next bullish leg toward $1.30–$1.50.
Failure to hold the $0.95–$1.00 support range would invalidate the short-term bullish setup.
Pattern remains constructive as long as the base holds.
After forming a clean Cup & Handle pattern, price has been consolidating within a descending triangle near the $1 zone.
Momentum indicators show a bullish divergence, suggesting potential reversal.
A confirmed breakout above the descending trendline could trigger the next bullish leg toward $1.30–$1.50.
Failure to hold the $0.95–$1.00 support range would invalidate the short-term bullish setup.
Pattern remains constructive as long as the base holds.
Trade closed manually
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.