After several weeks of Price action consolidating on CABLE inside of a DESCENDING WEDGE and forming several HARMONIC PATTERNS it appears as though we finally have a winner between the bulls and the bears. Based on the price action a bottom has been formed and a breakout of the WEDGE PATTERN has occurred. Assuming this is a STEP ONE BREAKOUT and a total reversal of the bear momentum, we should see a RETEST next week, potentially during CPI, and a KISS of the broken trend.
Entries have been painted in two parts along with a stop loss BELOW the painted support areas @1.192, if CABLE is to break back into the pattern and challenge the bottom formation again, we will get out before it does so. If all goes well a new BULL TREND could form and CABLE will attempt to make a NEW HIGH
Entries have been painted in two parts along with a stop loss BELOW the painted support areas @1.192, if CABLE is to break back into the pattern and challenge the bottom formation again, we will get out before it does so. If all goes well a new BULL TREND could form and CABLE will attempt to make a NEW HIGH
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.