I tried to put the information into the graphic.
If SAN can break out the ascending triangle and also cross the fib retracement, then it could rise further.
Stop: on or below the last fib retracement
If SAN can break out the ascending triangle and also cross the fib retracement, then it could rise further.
Stop: on or below the last fib retracement
Zlecenie aktywne:
SAN has left the trend channel and has crossed the lower line of the ascending triangle. So for the moment the positive momentum is gone. But at least the support at fib retracement has been strong enough to to stop the downfall of the price.