Falling wedge breakout with backtest. Targeting top of the wedge and then $14. Sitting right at entry extremally oversold and showing resilience to the overall market weakness. Overall bullish trend (higher lows) and potential cup with handle.
Entry: 7.40
PT1: 10,00
PT2: 14.00
SL: 6.45
Entry: 7.40
PT1: 10,00
PT2: 14.00
SL: 6.45
Note
disappointing couple of days but nothing to worry about yet, safe above 6.40 and anything above 5.80 is still a higher low anywaysNote
let's hope this is a double bottom on smaller timeframes
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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.