The price is forming a reversing pattern: Double bottom.
The close above the neckline already happened and we are actually retesting it. So this is a formidable buy opportunity.
The close above the neckline already happened and we are actually retesting it. So this is a formidable buy opportunity.
Note
Trade active
Support 0.1845
Stop loss 0.1784 (-2% loss) it is equivalent of a daily close below the 20EMA which would invalidate the trade.
First confirmation closes above 0.1883 check.
Second confirmation close above 0.2083
Target 1: 0.2041
Target 2 :0.2453
Note that the path is full of resistances.
Have a good day.
Trade active
Target 1 reach.Trade active
Nothing change except that the market is depressed and the last daily close was below the 20 day EMA.
The price is still above an importante support line but a close below that will jeopardize the trade.
Trade closed: stop reached
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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.