July 2025 - Duolingo trading opportunity

6 天前

Good news for Duolingo... The chart is now showing some promising signs that it might be ready to turn things around and head higher. Some simple clues why:

RSI resistance breakout:
The "RSI" indicator (bottom of chart) tells us strength is returning. A break of resistance that has been active over the last month is now no more. This usually means the buyers are taking control again.

Hidden strength:
Even though the price might look a bit sleepy, oscillators now print significant bullish divergence with price action.

Past resistance confirms support:
Certainly one of the most simplest concepts to take advantage of, previous resistance now confirms support. This test occurs as price action strikes the 50% Fibonacci level.

20% Forecast
Look left, previously market structure failed. Typically past breaks of structure shall be tested to confirm resistance, which is between 20-30% away.

Is it possible price action continues to print lower lows? Sure.
Is it probable? No.

Ww

6 天前

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