Large descending triangle pattern.
Its currently in consolidation inside the triangle until breakout.
High possible breakout upwards, targeting around 41.82 EUR (a 219.54% gain).
The red arrow shows a breakdown scenario, targeting around 3 EUR (a 71.74% loss).
On a higher timeframe it looks bullish.
Its currently in consolidation inside the triangle until breakout.
High possible breakout upwards, targeting around 41.82 EUR (a 219.54% gain).
The red arrow shows a breakdown scenario, targeting around 3 EUR (a 71.74% loss).
On a higher timeframe it looks bullish.
Trade active
Most likely fakeout even tho on smaller and larger timeframes it is bullish.Trade closed: target reached
Vs usually means trend continuation.Note
RSI div usually means trend continuation but previously meant short trend reversal.
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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.