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XDN is ready to break out of corrective triangle

170
XDN has formed a corrective triangle and is about to break it. Volume is increasing. First target 100
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Interpretatation of OBV indicator :
"Granville theorized that volume precedes price. OBV rises when volume on up days outpaces volume on down days. OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices. Granville noted in his research that OBV would often move before price."
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Weekly chart looks great
bossmanlife
Chart PatternsTrend Analysis

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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.
Chart PatternsTrend Analysis
bossmanlife

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.