Possible descending triangle on whole chart, or also a little cup and handle forming. In any case UNI seems to stabilize near 4.4/4.5.
The volume is decreasing, the Bollinger bands are getting narrow, it seems that distribution period is over.
If there's not another breakout upwards, we could go back below $4.
This is just an idea (my first one btw), let's see how it move afterwards. I started a LONG position at $4.4.
The volume is decreasing, the Bollinger bands are getting narrow, it seems that distribution period is over.
If there's not another breakout upwards, we could go back below $4.
This is just an idea (my first one btw), let's see how it move afterwards. I started a LONG position at $4.4.
We might reach 3.5-3.4 before retesting higher levels.