We are literally dealing with a descending triangle formation. As you know, this type of formation tends to break down and in this case where we have a downward momentum, unfortunately, it points to the Bollinger lower band in the weekly time frame as the price target.
BUY at support, SELL at resistance.
Do not enter the position without seeing the breakout confirmation!
Don't mind FOMO or FUD!
Whichever way everyone is looking, look in the REVERSE direction!
Don't forget the PROFIT realization!
Do not enter the position without seeing the breakout confirmation!
Don't mind FOMO or FUD!
Whichever way everyone is looking, look in the REVERSE direction!
Don't forget the PROFIT realization!
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
BUY at support, SELL at resistance.
Do not enter the position without seeing the breakout confirmation!
Don't mind FOMO or FUD!
Whichever way everyone is looking, look in the REVERSE direction!
Don't forget the PROFIT realization!
Do not enter the position without seeing the breakout confirmation!
Don't mind FOMO or FUD!
Whichever way everyone is looking, look in the REVERSE direction!
Don't forget the PROFIT realization!
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.