ELSH timeframe: 1 hour. A triangle pattern was identified, targeting 8.20. No new entry is recommended for shareholders, but if prices retest the triangle pattern at 7.65–7.60, it could present a low-risk entry opportunity.
This may also form a potential bearish Gartley pattern with targets:
- T1: 7.93
- T2: 8.12
- T3: 8.30 (sell point)
Stop loss: 7.50.
If prices continue rising and close above 8.47, consider rebuying what was sold at 8.30.
Disclaimer: This is not financial advice, only our analysis based on chart data. Consult your account manager before investing.
Good luck!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.