whitejade

Falling Wedge (Continuation signal!) BULLs on MGI

Long
NASDAQ:MGI   None
Hi there! We just completed a major uptrend and we're currently looking at a falling wedge. What does this mean? It's a good sign that our uptrend will continue in the near future!

Basically, bulls are taking a break as the price consolidates here! This makes for a great time to buy and/or set your limit buy above the top trend line. This will allow for your purchase before the uptrend continues!

I hope this is helpful!

This is not advice. This is just how I make a living.

Cheers!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.