Updated
Added some trend, support and resistance lines
On the 6hr its not as convincing, however even a downward breakout could result in a bounce to the top trendline.
If it consolidates further, it will be squeezed into the pennant, and that will almost definitely result in a breakout.
If it consolidates further, it will be squeezed into the pennant, and that will almost definitely result in a breakout.
Note
Note
We've been Stopped out by this bearish downtrend.Going to wait to see if BQX can close above the uptrend line on the 4 & 6hr,
before considering buying back in...
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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.