ANALYSIS 🔎
- BURGERBNB was bounded in a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price action is printing the double bottom pattern.
- This is also a bullish reversal pattern.
BUY ENTRY ⬆️
- Breakout above the double bottom neckline resistance (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).
- BURGERBNB was bounded in a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price action is printing the double bottom pattern.
- This is also a bullish reversal pattern.
BUY ENTRY ⬆️
- Breakout above the double bottom neckline resistance (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).