🟡 WTF Parallel Channel
The stock was respecting a long-term descending parallel channel (yellow lines), and recently took support off the lower boundary.
📉 Higher Low Formed
It created two clear demand zones (marked boxes), confirming higher lows — a classic signal of accumulation and reversal strength.
📊 Supply Zone Broken
Not just any breakout — it smashed through the supply zone with strong bullish candles, showing conviction and volume support.
📐 Trendline Breakout
Today, it broke out of the counter trendline (CT) and the descending resistance (2 dotted lines) — both gone in a single strong move, putting it in a clear breakout zone.
🎯 What's Next?
The stock was respecting a long-term descending parallel channel (yellow lines), and recently took support off the lower boundary.
📉 Higher Low Formed
It created two clear demand zones (marked boxes), confirming higher lows — a classic signal of accumulation and reversal strength.
📊 Supply Zone Broken
Not just any breakout — it smashed through the supply zone with strong bullish candles, showing conviction and volume support.
📐 Trendline Breakout
Today, it broke out of the counter trendline (CT) and the descending resistance (2 dotted lines) — both gone in a single strong move, putting it in a clear breakout zone.
🎯 What's Next?
💡 More Insights on 🔵 Telegram: t.me/hashtaghammer
💰 PnL series on 🔴 YouTube: youtube.com/@HashtagHammer/videos
💰 PnL series on 🔴 YouTube: youtube.com/@HashtagHammer/videos
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
💡 More Insights on 🔵 Telegram: t.me/hashtaghammer
💰 PnL series on 🔴 YouTube: youtube.com/@HashtagHammer/videos
💰 PnL series on 🔴 YouTube: youtube.com/@HashtagHammer/videos
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.