A number of points to make.
> Descending wedge in play with the probability or likelyhood to break out on the upside
> Previous descending wedge did break up
> EMA ribbon is hinting a constriction and a breakout near
> We have a double bottom with an acting support line from the previous resistance, as per the red zone\line at 68.2%
Its possible that its already broken out
Close up view
Macro view on the 4 HRLY
We have the 20, 100 and 200 EMA's on the 4 HRLY
Daily chart view
> Descending wedge in play with the probability or likelyhood to break out on the upside
> Previous descending wedge did break up
> EMA ribbon is hinting a constriction and a breakout near
> We have a double bottom with an acting support line from the previous resistance, as per the red zone\line at 68.2%
Its possible that its already broken out
Close up view
Macro view on the 4 HRLY
We have the 20, 100 and 200 EMA's on the 4 HRLY
Daily chart view
Note
Fib fan perspective on the DAILY
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.