CMCSA has been trending lower within a falling wedge pattern, bringing price closer to a major area of long-term support. 📉
Price is now approaching a high-confluence oversold zone, formed by the intersection of:
• The previous major high marked in blue.
• The $15 round number.
• The lower bound of the falling wedge pattern.
📌 As CMCSA approaches this confluence, we will consider it an oversold zone and will be looking for long setups, targeting the upper bound of the falling wedge as the first objective during the expected correction phase.
As always, rather than buying blindly into support, we will wait for bullish confirmation before considering any long positions.
Will buyers step in at this key confluence and trigger a corrective rally? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price is now approaching a high-confluence oversold zone, formed by the intersection of:
• The previous major high marked in blue.
• The $15 round number.
• The lower bound of the falling wedge pattern.
📌 As CMCSA approaches this confluence, we will consider it an oversold zone and will be looking for long setups, targeting the upper bound of the falling wedge as the first objective during the expected correction phase.
As always, rather than buying blindly into support, we will wait for bullish confirmation before considering any long positions.
Will buyers step in at this key confluence and trigger a corrective rally? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.