Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
7204: Breakout and Retest
P
PERFECT PRESENTATION FOR COMMERCIAL SERVICES CO.
Long
7204: Breakout and Retest
By YASIRWA
Follow
Follow
Aug 18
2
Cheer
Cheer
Aug 18
7204 was in correction for a while within descending parallel channel.
Breakout followed by retest is observed on parallel channel.
Price has started showing HH, HL formations after
taking support from horizontal line
which is also golden pocket fib level.
A Bullish divergence is also formed.
Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.
7204
AB=CD
ascendingparallelchannel
breakouttrading
Fibonacci
goldenpocket
Parallel Channel
YASIRWA
Follow
Related publications
7204: AB=CD, POC, Golden Pocket
by YASIRWA
Published
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
.