EWT has been showing strong respect for this trend line that it has reached once again. Expect to see strong bounce around $19, which might be forming ascending triangle.
There is not much room left, the cycle is getting tighter.
If we are forming ascending triangle AND we break through, target is around $26.
There is not much room left, the cycle is getting tighter.
If we are forming ascending triangle AND we break through, target is around $26.
Trade closed: stop reached
Broke downwards
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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.