SPCE - Falling Wedge Breakout
Nice looking falling wedge at the lows here inside of the bigger picture, which is the right angled and descending broadening formation.
First move would be a retest of the top of the structure at 4.95, and partial decline typically, with a measured move target into 6$
Youve got a lower target as well for the Cypher / Falling wedge around 5.30, and potential for an extension move eventually into the external 1.618 but not real confident in the actual company here, so this is one ill approach slowly and DCA as low as 4.13.
There was a partial decline there locally, so statistically, we should favor a break higher locally from here.
First move would be a retest of the top of the structure at 4.95, and partial decline typically, with a measured move target into 6$
Youve got a lower target as well for the Cypher / Falling wedge around 5.30, and potential for an extension move eventually into the external 1.618 but not real confident in the actual company here, so this is one ill approach slowly and DCA as low as 4.13.
There was a partial decline there locally, so statistically, we should favor a break higher locally from here.
discord.gg/2b6UjxEY
Join our free discord.
Join our free discord.
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.
discord.gg/2b6UjxEY
Join our free discord.
Join our free discord.
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.