The triangle correction seems mostly invalidated, but not entirely. However, it looks like a falling wedge might be forming instead.
In the short term, we should expect to see $275 – $287 as a potential target. If the falling wedge plays out, we might get a breakout to the upside. Let’s see how the price reacts! 🚀
In the short term, we should expect to see $275 – $287 as a potential target. If the falling wedge plays out, we might get a breakout to the upside. Let’s see how the price reacts! 🚀
Note
The price has reached the upper trendline of the triangle. If it breaks this trendline, the upward trend will continue; otherwise, it will move back toward the lower trendline.Note
"The price has returned above the 200-day moving average."Note
nice break and pullback
Trade active
nice break and pullback
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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.