We may derive the following from the Daily VOD chart:
1. Price was slightly bullish last week and appears to have formed a "cup and handle" pattern.
2. It is probable that price may drop for a bit and then return to test the neckline before a potential breakout.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price was slightly bullish last week and appears to have formed a "cup and handle" pattern.
2. It is probable that price may drop for a bit and then return to test the neckline before a potential breakout.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
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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.
Related publications
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.