Coronation has been in a strong bear market since peaking in November 2021.
The bear seems to be losing momentum as price has traded sideways since September 2022 and it looks like price could be forming a double-bottom reversal pattern.
The neckline of the double-bottom is still some distance ahead at 3850. A clean break above the neckline will confirm the pattern.
What is also encouraging from a bullish perspective is that price is still holding above 2436 so the five wave advance from March 2020 is still valid.
An aggressive stop-loss for longs is below 2868.
The bear seems to be losing momentum as price has traded sideways since September 2022 and it looks like price could be forming a double-bottom reversal pattern.
The neckline of the double-bottom is still some distance ahead at 3850. A clean break above the neckline will confirm the pattern.
What is also encouraging from a bullish perspective is that price is still holding above 2436 so the five wave advance from March 2020 is still valid.
An aggressive stop-loss for longs is below 2868.
관련 발행물
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.