Updated
End of downtrend for Farfetch?
After a vicious sell-off in December we might be witnessing an end of near term downtrend forming.
4h and weekly charts presented above.
On the 4h chart we can see a rounded bottom taking shape which is usually a strong buy signal.
At the same time, the weekly chart witnessed a hammer formed with a quick confirmation the week after in the form of a big bullish engulfing candle.
Let's see how this plays out!
4h and weekly charts presented above.
On the 4h chart we can see a rounded bottom taking shape which is usually a strong buy signal.
At the same time, the weekly chart witnessed a hammer formed with a quick confirmation the week after in the form of a big bullish engulfing candle.
Let's see how this plays out!
Note
25 days later 40% up
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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.
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.