Long
EMC2 Bull Pennant Descending Wedge : Possible Short/Long Zones
EMC2 I believe is in a consolidation zone after a crazy run up of over 300 percent last week. It looks to be creating a large rising bull pennant/descending wedge.
This should provide some very profitable swing trade opportunities.
Red line indicates possible shorting zones, and the purple indicates the tentative re-buy zone...assuming this is pennant and not a flag. Pay attention as
RSI and MACD should also coincide while approaching these areas.
Tentative completion of the formation is around 2 weeks, or December 14th...before the next major move up.
This should provide some very profitable swing trade opportunities.
Red line indicates possible shorting zones, and the purple indicates the tentative re-buy zone...assuming this is pennant and not a flag. Pay attention as
RSI and MACD should also coincide while approaching these areas.
Tentative completion of the formation is around 2 weeks, or December 14th...before the next major move up.
Ordre annulé
Well...that didn't take long lol. Bulls have this one by the horns...should be visiting 9000 to 10000 sometime within the coming week.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.