Hi guys,
We don't need a lot of words to explain that chart.
Key insights :
• Pennant (blue triangle) with higher lows
• Ichimoku red cloud is narrow and so close to the breakout location
Wait the breakout, if it breaks up, buy the breakout. To see the breakout, we should see high volume is a great green candle formed. If the breakout occurs, the mid Fib level should be broken to confirm the breakout of the triangle.
In that way, you have for the moment two support levels, below.
Targets :
• $826
• $1118
If we break down, don't buy, or don't own.
Hope you enjoy that analysis, agree, comment and follow to see my next analyses. I would update if necessary, have a nice week-end !
We don't need a lot of words to explain that chart.
Key insights :
• Pennant (blue triangle) with higher lows
• Ichimoku red cloud is narrow and so close to the breakout location
Wait the breakout, if it breaks up, buy the breakout. To see the breakout, we should see high volume is a great green candle formed. If the breakout occurs, the mid Fib level should be broken to confirm the breakout of the triangle.
In that way, you have for the moment two support levels, below.
Targets :
• $826
• $1118
If we break down, don't buy, or don't own.
Hope you enjoy that analysis, agree, comment and follow to see my next analyses. I would update if necessary, have a nice week-end !