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Post# of 198314
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Mdk1

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Mdk1

Re: dwagom04 post# 112160

Tuesday, 08/16/2022 4:34:07 AM

Tuesday, August 16, 2022 4:34:07 AM

Post# of 198314
Hi dwagom04, why is $11,87 an important number to break ?
1/ Falling Wedge pattern:
The price target is equal to the height of the back of the wedge = $20,11
Resistance line already broken BUT in order to get that target we need confirmation. It is clearly retested (=becoming support) + now all we need to confirm target is to break the $11,87 number (with more volume)
https://www.tradingview.com/x/vTCVTSxr/
2/ Pennant pattern
Price target = $24 (depends when flag pattern breaks to the upside)
same story ... $11,87 to break ... more volume needed
https://www.tradingview.com/x/dtWPkcPk/
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