VELVET (VLV) — 4H
Falling wedge still in play. After rejection at the upper trendline, price is once again pressing the lower boundary.
🎯Projected target: ~2.65
Confirmation: 4H close above the wedge resistance with volume.
Invalidation: a clean break of the current support without a quick recovery.
Falling wedge still in play. After rejection at the upper trendline, price is once again pressing the lower boundary.
🎯Projected target: ~2.65
Confirmation: 4H close above the wedge resistance with volume.
Invalidation: a clean break of the current support without a quick recovery.
