Current Chart Structure in CVOPRL:
CVOPRL has been in a downtrend, but recently it's showing signs of reversal.
The price has formed a clear inverted head and shoulders pattern.
The neckline resistance is currently being tested.
Volume behavior shows early accumulation, which supports a bullish bias.
Momentum indicators (RSI/MACD) are starting to turn positive, suggesting bullish divergence with price.
Trading Plan & Strategy:
Don’t jump in early. Wait for confirmation.
What to watch for:
Breakout above the neckline with convincing volume.
Retest of the neckline support (previous resistance).
Bullish candle formation (like a hammer, bullish engulfing) during retest.
Entry Point: After a breakout and successful retest confirmation.
CVOPRL has been in a downtrend, but recently it's showing signs of reversal.
The price has formed a clear inverted head and shoulders pattern.
The neckline resistance is currently being tested.
Volume behavior shows early accumulation, which supports a bullish bias.
Momentum indicators (RSI/MACD) are starting to turn positive, suggesting bullish divergence with price.
Trading Plan & Strategy:
Don’t jump in early. Wait for confirmation.
What to watch for:
Breakout above the neckline with convincing volume.
Retest of the neckline support (previous resistance).
Bullish candle formation (like a hammer, bullish engulfing) during retest.
Entry Point: After a breakout and successful retest confirmation.
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.