On the chart we can see an inverted head and shoulders, which got rejected at the neckline, and we now expect it to retest and break the neckline.
We see current level as a good opportunity for an entry, but would at least wait for the market to open, to see how it will turn out from the current dump.
A breakout trade would give a ROI of 21%, while an entry at current level will give a possible ROI of 30%
We see current level as a good opportunity for an entry, but would at least wait for the market to open, to see how it will turn out from the current dump.
A breakout trade would give a ROI of 21%, while an entry at current level will give a possible ROI of 30%
Note
The price retested the neckline but got rejected. Wait for a successful breakout before taking a position.
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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
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.