LONG OPENDOOR POSSIBLE BREAKOUT ON ECHO INDICATOR

٣٠ مايو ٢٠٢٣

The echo indicator predicts possible price movement indicated by a line of dots on the graph. OPEN appears to be in a rising wedge but also in a ascending triangle. This one hour chart predicts a breakout in OPEN. The 4H chart of open shows that the stock may only move up a little before dipping to major support levels at 2.20. The echo indicator has provided two different outcomes and the graph here shows the more bullish version, or possibility. The current trend is upward, which leads me to believe that we should be testing the upper resistance levels instead of the lower support levels.