Three possible patterns to watch out for that could give us a buy opportunity
1) Bullish pennant (blue)
How to trade:
We have a buy opportunity If resistance break
TP = $5.5
2) ABC correction to trend (orange)
How to trade:
We have a buy opportunity if we get a reversal candle near trend
TP1 = $3.55
TP2 = $4.45
3) Double bottom (red)
How to trade:
100 MA is catching up, Fib level near $3 mark
We have a buy opportunity if we get a reversal candle near the $3 mark
TP1 = $3.55
TP2 = $4.45
1) Bullish pennant (blue)
How to trade:
We have a buy opportunity If resistance break
TP = $5.5
2) ABC correction to trend (orange)
How to trade:
We have a buy opportunity if we get a reversal candle near trend
TP1 = $3.55
TP2 = $4.45
3) Double bottom (red)
How to trade:
100 MA is catching up, Fib level near $3 mark
We have a buy opportunity if we get a reversal candle near the $3 mark
TP1 = $3.55
TP2 = $4.45
Note
looks like it might break that bullish pennant (blue)Trade active
TP $5.6Note
broke the pennant, looks like we go down moreNote
we might see a breakout soon
Note
broke out, retested and off we go!
Trade closed: target reached
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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.
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.