Long
CUDA: Watch For Triangle Breakout
CUDA appears to be forming a triangle to complete Wave iv.
Wave D might have been completed. if not, it will not take very long to do so.
Once Wave E is completed, look to go long on a strong break of B-D trendline with a SL under Wave E.
A break down below Wave C implies a more complex pattern which invalidates this triangle setup.
(Detailed H4 Chart)
Wave D might have been completed. if not, it will not take very long to do so.
Once Wave E is completed, look to go long on a strong break of B-D trendline with a SL under Wave E.
A break down below Wave C implies a more complex pattern which invalidates this triangle setup.
(Detailed H4 Chart)
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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.