VESUVIUS: Symmetrical wedge in Formation

Consolidation Phase:
VESUVIUS has been consolidating for a while, indicating reduced volatility and balanced forces between buyers and sellers. This phase often precedes significant price moves.

Symmetrical Wedge Formation:
The current price action is forming a symmetrical wedge pattern, characterized by converging trendlines as the price makes higher lows and lower highs. This pattern suggests indecision in the market, with neither bulls nor bears having full control.

Breakout Strategy:
Traders should wait for a decisive breakout from the wedge before entering a trade.

Bullish Breakout: Look for a break above the upper trendline with high volume, signaling potential upward momentum.
Bearish Breakout: Watch for a break below the lower trendline with significant volume, suggesting a potential downside move.
Key Levels to Monitor:
Identify key support and resistance levels near the wedge boundaries. A confirmed breakout often targets the height of the wedge projected from the breakout point.

Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice or a call to trade. Trading and investing involve significant risk, and you should perform your own research or consult with a qualified financial advisor before making any trading decisions. Past performance is not indicative of future results.