This could be a pitstop before shooting up again. Keep an eye out for the price breaking either the top or bottom resistance/supports.
EDIT: Stop is a little lower than I intended. If it breaks, buy and then place a stop below the support.
EDIT: Stop is a little lower than I intended. If it breaks, buy and then place a stop below the support.
Note
Another possibility. Wait for the break!Note
This cup & handle could also be the bigger picture.Note
The trade may have ended before it started. Looks like we squeezed downwards out of the symmetrical triangle below our main resistance.Note
Trade closed manually
No entry.
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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.