XZC longer term view
Updated
XZC recently broke out if a descending triangle to the upside.
This looks to me as a logical continuation of a 5 legs cycle (labelled as ABC on left chart).
Shorter term: found a bottom, made a 5 legs up, retraced in an ABC move and seems to have started next cycle up.
Broke out and currently pulling back/consolidating before possibly a 3rd leg up starts.
Trading advice: let it correct, wait for a bullish Trend Continuation Pattern and buy that break out.
I will try to update when I see a good entrypoint
This looks to me as a logical continuation of a 5 legs cycle (labelled as ABC on left chart).
Shorter term: found a bottom, made a 5 legs up, retraced in an ABC move and seems to have started next cycle up.
Broke out and currently pulling back/consolidating before possibly a 3rd leg up starts.
Trading advice: let it correct, wait for a bullish Trend Continuation Pattern and buy that break out.
I will try to update when I see a good entrypoint
Note
This surprised me: (4) was placed on that position a week ago!Looks ready for next leg up.
Note
Target reached , let it roll from here. More to come imho
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