What we can see on the chart is a falling wedge pattern. The price is still moving inside the pattern, once it breaks above the trendline it can be a good momentum to enter long. Do not forget to put the stop loss under the wedge . Possible target area is shown on the chart.
Happy New Year By Sun Storm Investment Research A Profit & Solutions Strategy Disclaimer: I am not a financial advisor, so please do your own research before trading anything
This market is not what I call good value Not to say it cant grind higher.
Unhindered, the internet wins time and time again. Great ETF to get involved with.
In the Covid-19 fell March/April selloff this index fell approx 32%. It has regained just about 88% of this range and created a Bearish Bat Pattern. One can overlay this with a Deep Crab Pattern which started on March 10th and signalled today. The Deep Crab Pattern typically can have an extention which exceeds 1.618 and can reach as far as 1.94x so this would...
One can use 24 Week Moving Average to manage risk.