Loreal stock is falling since January.
From 6th the price started to contract within a falling wedge pattern.
On Friday the price reached major horizontal support and then formed a double bottom formation on hourly time frame.
Today we see a breakout of the resistance of the wedge.
It is a very strong bullish clue and the market will most likely start growing.
Goals: 301 / 304
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✅Join My Telegram Channel: t.me/VasilyTrading
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.