Hi traders,
Taking a closer look at Affirm Holdings, Inc. (AFRM), we can observe the formation of a falling wedge pattern over the past few weeks, indicating a potential bullish reversal.
Affirm, a leader in the buy now, pay later (BNPL) industry, has been navigating through some
market volatility. Despite the challenges, Affirm's innovative approach to consumer financing and its growing partnerships with major retailers highlight its strong market potential.
The falling wedge pattern is characterized by converging trendlines, where both the highs
and the lows are declining, but the highs are falling faster than the lows, forming a wedge shape that slopes downwards. This pattern often signals a potential reversal from a downtrend to an uptrend.
As AFRM approaches the apex of the falling wedge, a breakout above the upper trendline could confirm the bullish reversal. Entering a long position upon confirmation of the breakout appears favorable.
1st Take Profit: 39.85
2nd Take Profit: 47.48
Final Target: 52.51
Taking a closer look at Affirm Holdings, Inc. (AFRM), we can observe the formation of a falling wedge pattern over the past few weeks, indicating a potential bullish reversal.
Affirm, a leader in the buy now, pay later (BNPL) industry, has been navigating through some
market volatility. Despite the challenges, Affirm's innovative approach to consumer financing and its growing partnerships with major retailers highlight its strong market potential.
The falling wedge pattern is characterized by converging trendlines, where both the highs
and the lows are declining, but the highs are falling faster than the lows, forming a wedge shape that slopes downwards. This pattern often signals a potential reversal from a downtrend to an uptrend.
As AFRM approaches the apex of the falling wedge, a breakout above the upper trendline could confirm the bullish reversal. Entering a long position upon confirmation of the breakout appears favorable.
1st Take Profit: 39.85
2nd Take Profit: 47.48
Final Target: 52.51
註釋
Nothing changed here. Still valid註釋
2 take profit levels reached. 1 more left
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💥 Free signals and ideas ➡ t.me/vfinvestment
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。