Potential trend reversal run coming in 2-3 weeks

T

Trading Ideas

Guest

Potential trend reversal run coming in 2-3 weeks
Dash / Dollar (calculated by TradingView) POLONIEX:DASHUSD
Malume_Cashflow

Price action broke out of the long term trend from December indicating a potential bull rally. Price has been falling in the last few weeks but I'm predicting a trend reversal in 2-3 weeks once the price touches the trend line . The dotted line shows the average path the price will travel before it reaches the trend line .

Profit target and stop loss is placed at key level of support and resistance . Once the price reaches the profit target, a possible double bottom would have formed indicating the possibility of a long term bull rally.

Continue reading...