Stacks (STX)

SaeedSalehinia Updated   
Stacks started its upward impulse wave sooner than others. Back when a harmonic pattern ended and price settled on 0.618 Fibonacci level, STX started a strong upward wave. After a 500% growth, corrective wave started. Now it seems STX posed for continuation. Let's see what happens.

STX is breaking the second curved downtrend line. Let's see how up it can go.

STX broke the descending triangle correction pattern is going up.

STX broke the major downtrend line, and broke it with momentum. This behavior could be sign of powerful upward impulse wave indicating that STX could see much higher price. Let's see what happens.

After STX broke the major downtrend line, it went up, and still going. Now, STX is approaching the intersection of the major horizontal area and the possible ascending channel's upper line. Let's see how STX reacts to these areas.

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.