Pattern breakout on MUX
Simple.
Falling wedge breakout and break up of 12 year old S/R line.
Chart tends to move impulsively to the upside upon breaking up the 1.04 horizontal level as done in 2008 and late 2015.
Target of 1.85 derived from falling wedge pattern
Falling wedge breakout and break up of 12 year old S/R line.
Chart tends to move impulsively to the upside upon breaking up the 1.04 horizontal level as done in 2008 and late 2015.
Target of 1.85 derived from falling wedge pattern
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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.