DENTUSD - 1D - Busted Falling Wedge && Double Bottom
NOT A FINANCIAL ADVISOR!!
Dent seems to be in a busted falling wedge.
According to "http://thepatternsite.com/fallwedge.html":
"After a downward breakout, price sometimes curls around the front of the wedge and soars upward. The busted pattern presents a profit opportunity from the long side."
You can see that the RSI break up higher
&&
it seems like a double bottom at the edge of the falling wedge!
I will not tell the target for this trade setup but the stop loss is about the 0.002.
Good Luck!!
Dent seems to be in a busted falling wedge.
According to "http://thepatternsite.com/fallwedge.html":
"After a downward breakout, price sometimes curls around the front of the wedge and soars upward. The busted pattern presents a profit opportunity from the long side."
You can see that the RSI break up higher
&&
it seems like a double bottom at the edge of the falling wedge!
I will not tell the target for this trade setup but the stop loss is about the 0.002.
Good Luck!!
Comment:
OK! I must say I was not so correct about the double bottom but this can be playing out:
