SEE COMMENTS BELOW FOR OTHER LONG OPPORTUNITIES:
On a 4H chart, we have a confluence of Bullish Reversal Patterns and Signals:
Reversal Divergence + Continuation Divergence
Double Bottom on Price Gap (failed to break through)
Symmetrical Triangle
Candlesticks within the Triangle Include Bullish Engulfing, Hammer, & Inverse Hammer
We enter positions upon breakout from the Triangle
On a 4H chart, we have a confluence of Bullish Reversal Patterns and Signals:
Reversal Divergence + Continuation Divergence
Double Bottom on Price Gap (failed to break through)
Symmetrical Triangle
Candlesticks within the Triangle Include Bullish Engulfing, Hammer, & Inverse Hammer
We enter positions upon breakout from the Triangle
Note
We enter long positions upon completion of the reverse Head & Shoulders pattern. But what's our assurance that there's enough buying pressure to complete it? We look at the weekly chart belowNote
We have a bullish flag on a weekly chart and is about to hit a monthly resistance turned support which has been tested several timesTrade 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.