Looks a bit like a cup and handle, prices forming an ascending wedge in to resistance.
Bullish MACD crossover on the daily is nice, and I really like the setup here, the stop loss is only a few percent.
Another possible method here is to see if this dives to the lower end of the megaphone, and play a bounce off that.
I'm not exactly clear on where to set my targets yet - open to ideas there.
I might look back to historical resistance levels to see where this could stall out.
Could try a FibFan to set some targets as well.
Bullish MACD crossover on the daily is nice, and I really like the setup here, the stop loss is only a few percent.
Another possible method here is to see if this dives to the lower end of the megaphone, and play a bounce off that.
I'm not exactly clear on where to set my targets yet - open to ideas there.
I might look back to historical resistance levels to see where this could stall out.
Could try a FibFan to set some targets as well.
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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.