looks like it could go parabolic soon. depends whether or not it breaks to the upside from the pattern. it is not yet clear whether it is an accumulation cylinder or a rising wedge but breaks of these to the upside do confirm them as accumulation cylinders and lead to parabolic moves much higher.
retests and resumptions higher are a very high probability trade. good setup here.
retests and resumptions higher are a very high probability trade. good setup here.
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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.