It is seen that it will affect the course of the stock traded in the unstable zone next week.
Scenario 1:
While daily closings below the 25.0-25.30 TL band may indicate a hardening of the short-term downward trend (below these figures, the inverted cup handle appearance will become evident.
Scenario 2:
Closings above the 26.30-26.60 band will mean breaking the short-term downward trend that started at the end of May 2024.
If the rising trend also points to the continuation of the rising trend with an angle of approximately 30° since May 2023, it indicates that the 1-month downward trend will consist of consolidation. If the 28.80 resistance can be overcome in the coming days, it is possible that the 30°C angle will steepen and increase.
summary: bear or bull? mystery to be solved next week
Scenario 1:
While daily closings below the 25.0-25.30 TL band may indicate a hardening of the short-term downward trend (below these figures, the inverted cup handle appearance will become evident.
Scenario 2:
Closings above the 26.30-26.60 band will mean breaking the short-term downward trend that started at the end of May 2024.
If the rising trend also points to the continuation of the rising trend with an angle of approximately 30° since May 2023, it indicates that the 1-month downward trend will consist of consolidation. If the 28.80 resistance can be overcome in the coming days, it is possible that the 30°C angle will steepen and increase.
summary: bear or bull? mystery to be solved next week
Trade active
Stil trapped in the decision zone but last 3-4 days to decide the winner
Trade active
red downtrend is broken by a horizontal consolidation zonewe may wait a pump up with a high volume on next days
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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.