If price breaks to the upside then buying the breakout or a retest of trend as support
Possible bullish divergence
Possible double bottom forming
Price could meet resistance and meet resistance and move further into or out of the pattern towards the bottom of the keltner
If price breaks below support and back tests as resistance a short position could be called for to capture some downside movement
Possible bullish divergence
Possible double bottom forming
Price could meet resistance and meet resistance and move further into or out of the pattern towards the bottom of the keltner
If price breaks below support and back tests as resistance a short position could be called for to capture some downside movement
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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.