Cisco (CSCO) Forecast:
Double gap pattern spotted for Cisco (CSCO), with expectations for the price to decline to the $64-$65 range in the next days.
Confirmation
This forecast is supported by my script, "Volatility Bars".
Additional Insights
I expect that the price will retest support area $64-$65 before initiating a new bullish trend.
Keep an eye on market conditions and any news that may impact Cisco's performance.
Trading Ideas
Short Position:
Long Position:
Feel free to share your thoughts or any additional insights!
Double gap pattern spotted for Cisco (CSCO), with expectations for the price to decline to the $64-$65 range in the next days.
Confirmation
This forecast is supported by my script, "Volatility Bars".
Additional Insights
I expect that the price will retest support area $64-$65 before initiating a new bullish trend.
Keep an eye on market conditions and any news that may impact Cisco's performance.
Trading Ideas
Short Position:
- Entry: Current market price
- Take Profit (TP): Set at 5%-6% below the current price.
Long Position:
- Entry: Wait for a retracement to the $64-$65 area to buy.
Feel free to share your thoughts or any additional insights!
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.
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.