The red line was an important resistence between 2015 - 2017 and was broke in middle 2017.
Became support and over it was form a Head and Shoulders, where the head touch the top of the long term channel.
The head and shoulders was broke and rebounce, after the rebounce an engolfing pattern (red circle) happened, pointing down!
Now seems that will try to touch the red line again, being supported by the 200 MA (blue line).
In the short term i will be looking to sell it when it touch the 100 MA (yellow).
In the long term, my goal is the bottom of the channel.
Became support and over it was form a Head and Shoulders, where the head touch the top of the long term channel.
The head and shoulders was broke and rebounce, after the rebounce an engolfing pattern (red circle) happened, pointing down!
Now seems that will try to touch the red line again, being supported by the 200 MA (blue line).
In the short term i will be looking to sell it when it touch the 100 MA (yellow).
In the long term, my goal is the bottom of the channel.
🌐 Grupo GRATUITO para traders no Telegam - t.me/nomadeacademy
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🎓 Viver de Mercado -> O INVESTIDOR 360˚ www.nomadeacademy.com.br
📺 YOUTUBE - tinyurl.com/y6a7reqm
🐦 TWITTER - tinyurl.com/y64u39fd