LINK Mumu wedge
Sorry for messy chart. Just had a coffee and noticed this. So much weekend chop and stop hunting though so watch out.
Basically it's a pretty clear bullish wedge and bullish divergence on the 1H. Target is at or above the overhead resistance at 2.95, where we could create a triple top or break through by printing an ascending triangle and consolidating at the high. Preferably would like to see a high on the RSI and a bull flag.
Don't forget to leave a like!
-Love Etch
Basically it's a pretty clear bullish wedge and bullish divergence on the 1H. Target is at or above the overhead resistance at 2.95, where we could create a triple top or break through by printing an ascending triangle and consolidating at the high. Preferably would like to see a high on the RSI and a bull flag.
Don't forget to leave a like!
-Love Etch
Note
broken first resistance alreadyNote
Update: Still in position. Waiting for breakout of this triangle. Moved stop loss to entry.
Note
Weekends...
Note
I should mention that triangle became a bigger one, but will probably have no validity and continue in this big flag, range of 4c. Support 2.84 resistance 2.89
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Related publications
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.