You see 3 falling trend lines with the upper 2 marking the breakout zone.
When in this zone the last 2 times a retest of SMA 200 failed. Now we're close to the third retest and it's not looking too bad.
Watch out at the marked levels for take-profit or potential reversal.
When in this zone the last 2 times a retest of SMA 200 failed. Now we're close to the third retest and it's not looking too bad.
Watch out at the marked levels for take-profit or potential reversal.
Note
The retest happened as expected and the rocket began.IMO it's pumping too hard though and we should see a retest soon. Watch out.
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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.