Hi traders,
The price is inside of the rising wedge formation. Currently the price sits close to upslopping support and 200 SMA. It seems it is the right moment to take long position. Probable scenario is shown on the chart. Our target is at upslopping resistance. The invalidation of this thesis is break and close below the upslopping support.
The price is inside of the rising wedge formation. Currently the price sits close to upslopping support and 200 SMA. It seems it is the right moment to take long position. Probable scenario is shown on the chart. Our target is at upslopping resistance. The invalidation of this thesis is break and close below the upslopping support.
Note
so far so good!
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.