Falling Wedge- Bullish - Update

16 Des 2021

TAN along with the solar sector starting to catch my eye here- Holding a big symmetrical triangle with a falling wedge at the end (See Attached Chart Below). Undoubtably a longer-term play, however, solar's price action tends to be quite cyclical so will certainly be looking for a breakout from this triangle and wedge (broader market conditions permitting)- Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish

- Symmetrical Triangle
- Bullish Hidden Divergence on the RSI
- Bollinger bands squeezing on the hourly timeframe (See Attached Chart Below)
- MACD Golden Cross & bullish divergence on the RSI on the hourly timeframe (See Attached Chart Below)
- Falling wedge on the daily, 4-hour, and hourly timeframes (See Attached Charts Below)

PT1- $83.93
PT2- $84.87
PT3- $85.17
PT4- $86.15

--Hourly--
https://www.tradingview.com/i/zBCdqn4W/
--4-Hour--
https://www.tradingview.com/i/4qlENHc3/
--Daily--
https://www.tradingview.com/i/j87Ubwph/

--Previously Charted--
https://www.tradingview.com/i/19irK1O2