Not yet confirmed, but a potential diamond formation seems to be developing on ARGT. Forget the noise — focus on the chart.
A trigger above 73.42 could confirm the breakout, with an upside target equal to the pattern’s height — which, interestingly, aligns with the 61.8% Fibonacci retracement level.
The invalidation level is clearly marked on the chart. If the pattern fails, that itself would signal weakness and could open the way for a deeper decline.
A trigger above 73.42 could confirm the breakout, with an upside target equal to the pattern’s height — which, interestingly, aligns with the 61.8% Fibonacci retracement level.
The invalidation level is clearly marked on the chart. If the pattern fails, that itself would signal weakness and could open the way for a deeper decline.
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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.