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ngskdns

Weekly ABCD pattern on VALE5 before signs of reversal

Long
ngskdns  
BMFBOVESPA:VALE5   None
VALE VALE5 Bullish Patterns Bearish Patterns reversal Harmonic Patterns trading Weekly Charts weeklyoutlook
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vale vale5 bullish bearish reversal harmonicpatterns trading weekly weeklyoutlook
- EMAs crossed suggesting bullish bias;
- Price getting out of volatility channel (upside)
- Rebound from the 50% retracement;
- Robust weekly candle;
- Possible ABCD pattern before any sign of reversal;
- Stoch is not losing pressure yet.
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