Potential breakout upwards
My quick two cents: Inverse head and shoulders drop in dotted blue line, shown at the breakout showing a potential target of 350. Currently moving along the EMA 20 in orange, potential breakout of triangle and continue to 350 targer if there is momentum, otherwise if MACD drops below 0 we can see a reversal until 200 SMA as support.
IF it breaks under the EMA 50 in orange, we can see the bearish trend set in, but at the moment it's bouncing off of it.
*disclaimer: this is for educational purposes only and not financial advice*
IF it breaks under the EMA 50 in orange, we can see the bearish trend set in, but at the moment it's bouncing off of it.
*disclaimer: this is for educational purposes only and not financial advice*
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