AXS TRIANGLE CONSERVATIVE BREAKOUT LEVELS
AXSUSDThttps://www.tradingview.com/chart/qKWExBmz/AXS has a descending triangle inside of a bigger ascending triangle. On this chart I give the conservative TP levels that it should hit if it breaks out to the up or downside.
Upside descending triangle conservative TP level : $52.52, though I would TP at $50 due to psychological resistance.
Continued break out of ascending triangle TP level: $98.74
Downside descending triangle conservative TP level: $33.85
Continued break out of ascending triangle TP level: $24.25, though I would TP at $25 due to psychological resistance.
TP's based off of 100% extended fib level measurements of the triangles.
*Not Financial Advice*
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