STR Reverse falling wedge

For a safe entry, wait until we close above the red downtrend line. Stops below the bottom yellow line.

Nota

We've witnessed a break in the uptrend toward point Z. Two scenarios could occur:

1. STR regains strength and hits target
2. A head and shoulders pattern is forming

Here's my strategy- If we go down to the support line from here, I'd bail. We could see a big movement down to .006. If you can buy at the point, man...what a steal. Or, we could continue moving up. For short term traders, be ready to sell at .029-.03.

Or the less stressful strategy is just to hold. We're going to see a .10 STR soon I believe.

mychartslie

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.

mychartslie