A probable candidate for breakout.
1. Strong lower price rejection with increasing volume.
2. Consolidating in a narrow price range just before the breakout.
3. Ascending triangle pattern.
4. price taken support from 50D SMA.
5. Favorable Risk return ratio.
2. Consolidating in a narrow price range just before the breakout.
3. Ascending triangle pattern.
4. price taken support from 50D SMA.
5. Favorable Risk return ratio.
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.
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.