QS in a Complex Pattern #2

QS in a Complex Pattern #2

From our previous analysis, the price reached the first target again and it is still in the same position. The pattern is very complex again for Quantum Scape Corporation.

This is offering another trading opportunity.

The lowest low was created at 5.11 and the price tested this zone for the second time.

The price reaction was really good and this shows that we have the bulls positioned near this area.
During the previous week, the price tested 6.5 and the reaction was good.

The price may likely rise further between 5.2 - 6.5 zone

You may find more details on the chart.
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

Previous analysis: