Falling wedge breakout with backtest. Targeting top of the wedge and then $14. Sitting right at entry extremally oversold and showing resilience to the overall market weakness. Overall bullish trend (higher lows) and potential cup with handle.
Entry: 7.40
PT1: 10,00
PT2: 14.00
SL: 6.45
Entry: 7.40
PT1: 10,00
PT2: 14.00
SL: 6.45
Comment:
disappointing couple of days but nothing to worry about yet, safe above 6.40 and anything above 5.80 is still a higher low anyways
Comment:
let's hope this is a double bottom on smaller timeframes