Triangle bottom forming a W reversal – A strong bullish signal.
Good weekly close candle – Confirms a bullish reversal.
Breakout explanations given in the chart.
Target and stop-loss levels mentioned in the chart.
Increased volume could strengthen the breakout confirmation.
Watch for retest of breakout levels for better entry.
Momentum indicators should support the breakout move.
Price action above key resistance will add further confirmation.
Risk management is crucial – follow stop-loss levels strictly.
Good weekly close candle – Confirms a bullish reversal.
Breakout explanations given in the chart.
Target and stop-loss levels mentioned in the chart.
Increased volume could strengthen the breakout confirmation.
Watch for retest of breakout levels for better entry.
Momentum indicators should support the breakout move.
Price action above key resistance will add further confirmation.
Risk management is crucial – follow stop-loss levels strictly.
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.
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.