IF the wedge continues, NU might reach a decent area for a LONG trade that offers good risk reward.
*** This is only valid if the higher lows continues and offers a decently small area to put a stop loss below.
However, there is some concern as there was a double top.
We will have to see if the pattern emerges
*** This is only valid if the higher lows continues and offers a decently small area to put a stop loss below.
However, there is some concern as there was a double top.
We will have to see if the pattern emerges
Note
Looks like the wedge isn't emerging. So this idea is no longer validNote
Actually, I'm silly, could be a slightly shallower wedge as my original line is flawed
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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.