QYOU Descending Wedge Pattern - Bullish Signal Formation

14 ביולי 2021

The descending triangle (bearish signal) has played itself out confirming it's break below support and and is now forming a descending wedge (bullish signal). This pattern is confirmed with 3 reaction highs and 2 reaction lows (lower highs, lower lows). The daily chart looks primed for a breakout, the hour chart looks exhausted and may need a pull back. Will be following this to see whether indeed it does retrace to test support one more time or the breakout could be taking place soon.

23 בספט׳ 2021

הערה

QYOU has finally seen sufficient volume to break out of it's falling wedge pattern.