The previous descending wedge seems to have broken out into a bullish pennant.
The target for the pennant is alone is $895, which makes it a high risk low reward buy opportunity especially if the longer term trend continues.
If this breaks out, I expect that support will be found at the fibonacci level 0.382 ($880).
The target for the pennant is alone is $895, which makes it a high risk low reward buy opportunity especially if the longer term trend continues.
If this breaks out, I expect that support will be found at the fibonacci level 0.382 ($880).
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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.