On the Week.. even though there is little data to be found in this chart, I am extracting an Ascending Triangle/W pattern from what is available. If the bulls keep the price at this zone the bulls can go further up from here, the target price will be towards $8.5 dollars.
On the day:
It is therefore important for the bulls to hold their ground above the red resistance line and thus show that we want to continue trading. If the Taurus doesn't hold it and there is reason to cool down then a drop towards $3.2 could lead to the creation of a Handle and a Cup n Handle formation to become visible. If we drop further and stay within 50%, I would still consider that valid.
Keep calm, trade safe and manage your risk.
(no Financial advise)
On the day:
Keep calm, trade safe and manage your risk.
(no Financial advise)
Tims.Technische.Analyse by TIMTIBBO
