Sonace

Possible trend continuation

Sonace Updated   
ABC was finished earlier than anticipated. Broke out of the downwards channel and is in a falling wedge now. If break on the upside, could test next fibonacci level and possibly even all-time high. If break on the downside, could retest yellow trendline from previous medium-term channel. Trade what you see. Happy new year!
Comment:
break-out happening on the up-side. Wait for convincing break-out before buying in.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.