eXRD/XRD. The Looming Breakout.
Updated
Weekly:
-Completed 3-level step in the falling channel .
-Double bottom; volume spike forming the second bottom.
-Engulfing weekly.
Daily:
-Sound consolidation below the downsloping resistance, holding the engulfed weekly candle as a support.
-No immediate rejection off the major channel resistance.
At this rate, a voluminous break up above the major resistance would open the gates to a 3x-move in the mid-term.
-Completed 3-level step in the falling channel .
-Double bottom; volume spike forming the second bottom.
-Engulfing weekly.
Daily:
-Sound consolidation below the downsloping resistance, holding the engulfed weekly candle as a support.
-No immediate rejection off the major channel resistance.
At this rate, a voluminous break up above the major resistance would open the gates to a 3x-move in the mid-term.
Trade closed: target reached
Done.Disclaimer
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