Three target prices on screen. Used two parabola's as support and resistance and will have to see if trade idea works, breaking the bowl support will be the trade failing.
On the micro scale, there's a bearish wedge suggesting a retracement back to around 5 ( support of the bullish flag )
On the micro scale, there's a bearish wedge suggesting a retracement back to around 5 ( support of the bullish flag )
Note
trade failed - bowl broken
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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.