$DOCU Recovery
Hi there,
the price could be forming an ascending triangle pattern which could break out to the upside.
the price could be forming an ascending triangle pattern which could break out to the upside.
Trade closed: stop reached
RIPNote
Yesterday, the above chart pattern has unfortunately moved in the opposite direction. But today, we could finally break the supply zone at $146 and move quite higher. The approximation level for the take profit worked out pretty well, since we closed around that level.
For the short term, I could imagine a small drawdown before we start a third wave to the upside.
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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.