TECFAST, Rebound on Support, Any Meat Left?

Bias: Bullish. When the correction hit FOUR classic technical conditions on 29th Nov 2019, the next green candle on 2nd Dec shows promise of a swift rebound. Can you guess what are those FOUR technical tools? Ask us in the comments below! It might be slightly late to the party now, so let the buyer beware.

Stop-loss: 0.385
// The recent low point.

1st target: 0.490
// Previous high as minor resistance.

2nd target: 0.520
// Historical resistance as major resistance.

Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!

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If you have any questions or trading ideas, please post them in comments!
Thank you for your support, we appreciate it.

Note

1st target reached, but without breakthrough. No significant price weakness; maintain.

Note

Congrats to those who profited! 36.14% in 29 days
Finally breakout through 1st target: 0.490 on 31st Dec and touched the 2nd target.
On 2nd Jan 2020, high VOLUME, GAP breakout through 2nd target: 0.520

As seen on the chart, 1.618 fibonacci extension marks the possible 3rd target: 0.645 :)

Thanks for the support, peace out~

Trade closed: target reached

Congrats to those who profited! 28.40% in 27 days.

Reached 2nd target 0.52, with huge breakout on the following days but strong consolidation afterwards.

Thank you for the support :)

ShareWorldConsulting

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