STC: 85 CALENDAR DAYS PATTERN
7010:STC has followed a pattern since the end of February 2023. Upon hitting the bottom trend line, Price appreciated 15-25% in 85 calendar days. This pattern has repeated 3 times over the last year.
Based on above observation, a long position can be opened once price hits the bottom trend line again.
TP1: 15%
TP2: 25%
OR simply close the trade on the 85th day of starting the trade
SL: 2% (just under the bottom trend line)
Keep waiting and hope the price comes back to the bottom trend line soon. Best of Luck!!
Based on above observation, a long position can be opened once price hits the bottom trend line again.
TP1: 15%
TP2: 25%
OR simply close the trade on the 85th day of starting the trade
SL: 2% (just under the bottom trend line)
Keep waiting and hope the price comes back to the bottom trend line soon. Best of Luck!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.