Again reaching the resistance level around 315$
I see three scenarios IMO:
1. It will form a small cup and handle pattern and move higher.
2. It will break through resistance level, move higher and use the old resistance as new support.
3. It will be rejected by the resistance and will go back to re-test support level at 295$
I see three scenarios IMO:
1. It will form a small cup and handle pattern and move higher.
2. It will break through resistance level, move higher and use the old resistance as new support.
3. It will be rejected by the resistance and will go back to re-test support level at 295$
Trade closed: target reached
Got to my target!Great trade! Need now more research to see where this is going!
Aris Bernasconi, MBA, Certified Specialist for Finance and Accounting
E-Mail: aristocks@gmail.com
E-Mail: aristocks@gmail.com
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.
Aris Bernasconi, MBA, Certified Specialist for Finance and Accounting
E-Mail: aristocks@gmail.com
E-Mail: aristocks@gmail.com
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.