GoPro Descending Wedge Bull Break
Monthly: descending wedge, price below middle, but squeezed band indicates big wave is coming up or down.
Weekly: holding above middle band, strong volume break the upper trend line, 12 and 21 EMA cross, weekly chart is great.
price above 5.60 will keep weekly in the uptrend.
Daily: one bar takes out multiple resistance, strong bull. daily consolidation, above 6.50 is all good
Plan: if 4H between 7.31 and 6.56 form an equilibrium pattern, probably could set a stop buy at breakout point
keep an eye on it, waiting on a good risk entry point.
Weekly: holding above middle band, strong volume break the upper trend line, 12 and 21 EMA cross, weekly chart is great.
price above 5.60 will keep weekly in the uptrend.
Daily: one bar takes out multiple resistance, strong bull. daily consolidation, above 6.50 is all good
Plan: if 4H between 7.31 and 6.56 form an equilibrium pattern, probably could set a stop buy at breakout point
keep an eye on it, waiting on a good risk entry point.
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