NYSE:CVX has lost support at the light blue resistance line, and this light blue trendline has flipped into resistance. CVX is trading above a yellow support level at $131.47. There is neutral price action here, and I think CVX doesn't have a clear direction for now. I would look for buy opportunities at or below the yellow trendline if CVX starts trending down,...
#CVX
On a 4-hour frame, a perfect head and shoulders pattern
We are about to break the right shoulder higher
We have strong upward momentum that the price is expected to continue rising
Entry price 3.024
First goal 3.08
Second goal 3.188
Third goal 3.287
Great moment on the CVX coin.
Previously, I posted an idea for this coin, indicating the end of the correction was imminent.
At the moment, the formation of the final wave 5 in wave C (as part of the ABC correction) began.
I have already opened a long position and plan to increase volume as it descends to the $4.5 level.
I present to you a great trading plan for CVX.
A powerful upward momentum was formed in wave 1 or A, with truncation in the intermediate wave 5.
At the moment the price is already correcting in wave 2 or B, forming an ABC correction pattern, which may end very soon.
I plan to open a long position on the completion of the intermediate wave C (in wave 2 or B).
