Possible Up-Channel Continuation Testing Trad. MA’s+Sup/Res by curtmelonopoly on TradingView.com
Watch out for a possible bullish continuation as price tests several traditional indicators.
Technicals:
1. Currently trading at 181.75 in premarket, up 0.16%
2. Elliot wave analysis uncovers symmetry following an up-channel option, with (5) pivoting off conventional support (red-dotted line) at ~175.60
3. NOTE: Thick green arrow shows price has tested its 20 MA, with next test at the 200
4. IF price continues to follow its up-channel, and provided that resistance is broken at 185.03, THEN its next price extensions are: 188.50, 195.25
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For the complete technical analysis on this swing trading set-up, including full price extensions and bullish/bearish targets, click here: https://compoundtrading.com/swing-trading-periodical-contact