$UUUU
Updated
Wedge forming along a horizontal support. Sitting on volume shelf also.
Daily hidden bullish divergence on the MACD. Double bottom on the daily RSI.
Weekly triple hidden bullish divergence on the MACD.
Stop = Break of trend line/below recent low.
1st target = Resistance
2nd Target = Previous high/0.618 fib extension
3rd Target = Resistance / 0.786 fib extension (only if things get crazy)
Daily hidden bullish divergence on the MACD. Double bottom on the daily RSI.
Weekly triple hidden bullish divergence on the MACD.
Stop = Break of trend line/below recent low.
1st target = Resistance
2nd Target = Previous high/0.618 fib extension
3rd Target = Resistance / 0.786 fib extension (only if things get crazy)
Note
failed trade
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