SONY CORP (6758) Two Scenarios!
hey guys,
sony is standing on a key structure resistance level!
depending on what is your bias on this stock you may either see an ascending triangle on 4H
or
a double top formation.
no matter what it is, we can trade the stock to both sides.
if the price breaks above resistance of the ascending formation,
for us, it will be a long signal and we buy expecting a continuation to higher scructure levels!
in contrast, 6600 is our minor support.
being broken to the downside, for us, it will be a trigger to short!
both scenarios are equally possible so be prepared!
good luck!
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
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.