Possible descending triangle on whole chart, or also a little cup and handle forming. In any case UNI seems to stabilize near 4.4/4.5.
The volume is decreasing, the Bollinger bands are getting narrow, it seems that distribution period is over.
If there's not another breakout upwards, we could go back below $4.
This is just an idea (my first one btw), let's see how it move afterwards. I started a LONG position at $4.4.
The volume is decreasing, the Bollinger bands are getting narrow, it seems that distribution period is over.
If there's not another breakout upwards, we could go back below $4.
This is just an idea (my first one btw), let's see how it move afterwards. I started a LONG position at $4.4.
Note
UNI failed to cross the resistance, and is going back to lower levels.We might reach 3.5-3.4 before retesting higher levels.
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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.