BNGO UPDATE important technical aspects:
The wedge formation is currently relevant for me. I'm not looking at more at the moment.
The following levels are important:
- H1 close above 6.20
- Trading above 5.49
- 6.50
If we break out to the downside, the wave (ii) in orange could reach a new low. That would be all ok as long as we stay above 4.29!
Focus is on the wedge formation. I’ll watch closely and will give an update if necessary.