Hello Traders!
The chart of TAP (Molson Beer co.) is currently flirting with a major resistance trendline. Now whether or not price can successfully seal the deal and make it too third base remains to be seen.
If price does breakout, watch for a potential retrace to the breakout trendline first, then we could see the larger move to resistance level #1.
If price gets rejected and fails to breakout we could see a move below support before it attempts to breakout again.
Thanks everyone and best of luck with your trading journey!
The chart of TAP (Molson Beer co.) is currently flirting with a major resistance trendline. Now whether or not price can successfully seal the deal and make it too third base remains to be seen.
If price does breakout, watch for a potential retrace to the breakout trendline first, then we could see the larger move to resistance level #1.
If price gets rejected and fails to breakout we could see a move below support before it attempts to breakout again.
Thanks everyone and best of luck with your trading journey!
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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.