Retesting breakout level from half year ago, sometimes a big support level, in combo with this wedge, it gives potential. A false breakout is an option as well, a quick dump. If that happens, it will be safer to see it get back in/above the wedge again. It should stay above that green level, otherwise likely that something else is going on.
Previous analysis:
Previous analysis:
コメント:
Nice, only minutes after my update the W bottom played out and it pumped. So false breakout confirmed, already reached target of the W bottom, now we should see it reach the target of the wedge. There it would be smart to unload like half and wait it out a bit.
The idea is still long term, some resistances on the way. But i will try to keep you up to date on it coming weeks.
The idea is still long term, some resistances on the way. But i will try to keep you up to date on it coming weeks.
コメント:
Target of the wedge has been reached now, very nice! Now 2 options, taking 50 to 75% profit now or use a very tight stop if it drops out of that channel for the same amount.
The green line is likely, seeing a retest of support. If that happens and we turn again, think i might get in again.
The green line is likely, seeing a retest of support. If that happens and we turn again, think i might get in again.
So if the green holds, we could see a small W bottom. If it breaks, than likely to see another quick drop. Safer place would be seeing it getting back in the wedge. That's usually a confirmation of a false breakout