Any way you look at this, the chart looks insanely bullish.
The moves it has made in the arch looks a mirror to what it done throughout the years prior and gives me the impression we should see some aggressive moves upwards in the coming weeks. We can dip outside the arch as it has done that before, but it doesn't change its path. Lets hope it finds the momentum and reaches the Fibonacci target which is sitting in the 120-130 zone.
P.S:
Funnily enough, this is the exact same pattern as SQ (XYZ) so I will be doing a copy and paste as the direction potential is the same.
The moves it has made in the arch looks a mirror to what it done throughout the years prior and gives me the impression we should see some aggressive moves upwards in the coming weeks. We can dip outside the arch as it has done that before, but it doesn't change its path. Lets hope it finds the momentum and reaches the Fibonacci target which is sitting in the 120-130 zone.
P.S:
Funnily enough, this is the exact same pattern as SQ (XYZ) so I will be doing a copy and paste as the direction potential is the same.
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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.