Electrolux B analysis on the daily timeframe
Updated
Electrolux trend change confirmed to bullish based on the 123 trend change criteria on 8th July 2020. That also marks as the ascending triangle break.
Entered the trade on 27th July upon re-test completion of the ascending triangle. The overall ascending triangle target is 228.
My first target is at 198, which is just below the area of resistance.
18th August cup and handle pattern break suggesting a strong continuation trend
TARGETS:
198,214, 228
Stop loss:
147
Entered the trade on 27th July upon re-test completion of the ascending triangle. The overall ascending triangle target is 228.
My first target is at 198, which is just below the area of resistance.
18th August cup and handle pattern break suggesting a strong continuation trend
TARGETS:
198,214, 228
Stop loss:
147
Trade active
18th August cup and handle pattern break suggesting a strong continuation trendTrade active
One can enter a long potion here with the target at 198Trade closed: target reached
1st target hit sold off 2/3rd position!Trade closed: target reached
Targets achieved!
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