Get started
jacobosiason7

Falling Wedge- Bullish - Update

Long
Invesco Solar ETF (AMEX:TAN)  
jacobosiason7  
AMEX:TAN   Invesco Solar ETF
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns breakout support_and_resistance supply_and_demand falling_wedge symmetrical_triangle hidden_divergence longer-term
3
0
trendanalysis chartpattern indicator bullish breakout support_and_resistance supply_and_demand falling_wedge symmetrical_triangle hidden_divergence longer-term
TAN along with the solar sector starting to catch my eye here- Holding a big symmetrical triangle with a falling wedge at the end (See Attached Chart Below). Undoubtably a longer-term play, however, solar's price action tends to be quite cyclical so will certainly be looking for a breakout from this triangle and wedge (broader market conditions permitting)- Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish

- Symmetrical Triangle
- Bullish Hidden Divergence on the RSI
- Bollinger bands squeezing on the hourly timeframe (See Attached Chart Below)
- MACD Golden Cross & bullish divergence on the RSI on the hourly timeframe (See Attached Chart Below)
- Falling wedge on the daily, 4-hour, and hourly timeframes (See Attached Charts Below)

PT1- $83.93
PT2- $84.87
PT3- $85.17
PT4- $86.15

--Hourly--
snapshot
--4-Hour--
snapshot
--Daily--
snapshot

--Previously Charted--
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.