Entry Point: 143.525 (unchanged)
Stop Loss: 141.847 (unchanged)
Target Point One (TP1): 145.063 (unchanged)
Final Target (TP2): Now refined to 147.883 instead of 147.894 — a small, precise update.
📈 Pattern and Structure:
Cup-and-handle formation still intact, indicating a continuation pattern.
Support confirmation at the 143.5 zone, showing a potential base for a bullish reversal.
The chart shows strong upside projection toward the resistance band near 147.8–148.0, highlighted with the upper purple zone.
📊 Risk-Reward Profile:
Risk (Entry to SL): 143.525 – 141.847 = 1.678
Reward (Entry to TP2): 147.883 – 143.525 = 4.358
Reward-to-Risk Ratio: 4.358 / 1.678 ≈ 2.6R — a favorable risk/reward setup.
🧠 Trade Notes:
Entry is slightly above a demand zone.
First target is conservative, near a known resistance.
Final target aligns with prior highs and the broader ascending wedge’s upper bound.
Timing suggests the bullish push may unfold over the next few sessions (likely May 6–8 range, as curved arrow indicates a rounded retest/bounce scenario)
Stop Loss: 141.847 (unchanged)
Target Point One (TP1): 145.063 (unchanged)
Final Target (TP2): Now refined to 147.883 instead of 147.894 — a small, precise update.
📈 Pattern and Structure:
Cup-and-handle formation still intact, indicating a continuation pattern.
Support confirmation at the 143.5 zone, showing a potential base for a bullish reversal.
The chart shows strong upside projection toward the resistance band near 147.8–148.0, highlighted with the upper purple zone.
📊 Risk-Reward Profile:
Risk (Entry to SL): 143.525 – 141.847 = 1.678
Reward (Entry to TP2): 147.883 – 143.525 = 4.358
Reward-to-Risk Ratio: 4.358 / 1.678 ≈ 2.6R — a favorable risk/reward setup.
🧠 Trade Notes:
Entry is slightly above a demand zone.
First target is conservative, near a known resistance.
Final target aligns with prior highs and the broader ascending wedge’s upper bound.
Timing suggests the bullish push may unfold over the next few sessions (likely May 6–8 range, as curved arrow indicates a rounded retest/bounce scenario)
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.