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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.