4013 has been in correction after making ATH.
A significant support (Ascending trendline) was broken in recent past for the first time.
After completion of Harmonic Pattern, Double Bottom formation, a short upside move is observed (formation of HH, HL).
However, ascending trendline will be acting as resistance now.
Although, breakout of trendline was observed during the recent bullish trend, but couldn't sustain.
Wathout for breakout of ascending trendline resistance for long entry.
Trade with SL
A significant support (Ascending trendline) was broken in recent past for the first time.
After completion of Harmonic Pattern, Double Bottom formation, a short upside move is observed (formation of HH, HL).
However, ascending trendline will be acting as resistance now.
Although, breakout of trendline was observed during the recent bullish trend, but couldn't sustain.
Wathout for breakout of ascending trendline resistance for long entry.
Trade with SL
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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.