Long
Falling Knife
After breaking through the EMA 200 GWPH can be seen as a falling knife. Typically, the actual downwave will reach down to the min. correction fibo @ 98,95. Here a counterove could start with TP = BO-Level = 111$.
Trading above 111-115$ would be a great bullish Signal. TP1:119 / TP2: 135
Trading below the 38,2 means aiming 86,93$
Watch the RSI, he is near a buying signal
Trading above 111-115$ would be a great bullish Signal. TP1:119 / TP2: 135
Trading below the 38,2 means aiming 86,93$
Watch the RSI, he is near a buying signal
Note
is thisa bottom? the candles are nearly bullishNote
Is this a double bottom? Note
Note
YES Note
nice ! tested exactly the EMA 200, a healthy consolidation could start soon... a test of 106/104,75 is thinkable..but if we could recapture the level 112, a further upwave could be exspected
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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.