UA completed this bullish harmonic over 8 months ago. It hit our first tp of the trade set up before falling below the key level where we were stopped out.
We do not have an open leveraged position on this asset but we are accumulating it at these levels as it has turned bullish again.
The spring back above the key level and the backtest that has occurred indicate that it is ready to go. Above 6.5 it is bullish, we are creating bullish divergence also.
Comment
⋅
We have broken out of a falling broadening wedge on the 4h, more confirmation of potential upside.