Duolingo, Inc.
Long
Updated

DUOL: mid-term trend structure

147
Until price is holding above 13th Jan lows, my operative scenario is continuation of the upside momentum towards 420-450 resistance zone.

Moving and holding above 450 level increases the probability of a continuation move towards higher resistance levels at 590+.

Otherwise, until price holds bellow 450, there are significant odds of deeper correction in the mid-term before continuing macro uptrend

snapshot

My previous idea on DUOL from Dec'23 topping actions:
DUOL: In the mid-term resistance zone


and update on break-out potential from Sep'24:
DUOL: Price structure (upd)


Thank you for your attention!
Trade closed: target reached
Price hit the macro-resistance target and reversed. Now the upper border of the macro support zone is reached, providing opportunity of a mid-term bounce/reversal to start emerging

snapshot

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