It seems like Vib might have hit a trend reversal point. It bounced off strong support, we have several bullish reasons to believe the trend has reversed:
- Bounced off support
- Increased in volume
- Fast EMA crossing slower EMAs
- Ascending triangle formation
- Awesome oscillator agrees
Vib might continue to move inside the contracting triangle nearing towards the apex, but I believe it should breakout sooner than later. Like always, be mindful of the support
trend line, if it breaks sharply below it, then you might have to reconsider your position.
- Bounced off support
- Increased in volume
- Fast EMA crossing slower EMAs
- Ascending triangle formation
- Awesome oscillator agrees
Vib might continue to move inside the contracting triangle nearing towards the apex, but I believe it should breakout sooner than later. Like always, be mindful of the support
trend line, if it breaks sharply below it, then you might have to reconsider your position.
Commento:
Broke below support, new support is 2125, if you are in, use a tight SL slightly below that.
Commento:
Targets 2900 and 3200 reached on March 1st.
Trade chiuso: obiettivo raggiunto
