$SPCE Weekly Downtrend | Target: $10
Hello everyone
I am new to charting, so you are more than welcome to point out any mistakes. What I see is that it has a Bullish Pennant that resulted in a breakout to a much higher price. After that there is a downtrend which we are currently in.
I am new to charting, so you are more than welcome to point out any mistakes. What I see is that it has a Bullish Pennant that resulted in a breakout to a much higher price. After that there is a downtrend which we are currently in.
Note
What really makes me stick to the idea is the presence of a bearish engulfing on the weekly chart. You know its target is the previous low in a chart.
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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.