I see a falling wedge on the chart within a symmetrical triangle. We can not say that this triangle is valid becaus we only have 2 connections but it seems that the support line of that triangle hold on the daily chart.
The falling wedge in the triangle is also a bullish sign.
Stochastic indicator is under 10 and if we see previous price action than i notice that everytime stochastic in under 10 on the daily chart we see a + 20% bounce. Let's see how this play out.
I'm new to technical analyses and i add charts just to understand it better and learn from others with more experience so your thoughts on this are welcome.
The falling wedge in the triangle is also a bullish sign.
Stochastic indicator is under 10 and if we see previous price action than i notice that everytime stochastic in under 10 on the daily chart we see a + 20% bounce. Let's see how this play out.
I'm new to technical analyses and i add charts just to understand it better and learn from others with more experience so your thoughts on this are welcome.
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
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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.