UOS did a deep correction forming a falling wedge pattern - similar pattern was noticed on some alts that already bounce up and tested Oct/Nov 2021 pivots.
We are oversold so soon expecting also UOS to bounce up and start impulse leading to test of Oct/Nov 2021 pivot which is located at ATH.
There we are likely facing rejection and pullback to at least fibb 0.5 range.
We are oversold so soon expecting also UOS to bounce up and start impulse leading to test of Oct/Nov 2021 pivot which is located at ATH.
There we are likely facing rejection and pullback to at least fibb 0.5 range.
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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.