A continuation idea for CNMD showing an Ascending Megaphone or an Ascending Broadening Wedge
Price will either bounce strongly off this lower trend line or breakdown further and destroy the megaphone structure
I like to favour continuation of the structure although
Bars pattern placed is just an example of how I think price will act
Daily timeframe
Price will either bounce strongly off this lower trend line or breakdown further and destroy the megaphone structure
I like to favour continuation of the structure although
Bars pattern placed is just an example of how I think price will act
Daily timeframe
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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.