Wesfarmers continuation of huge horizontal zone breakout
90
-66 Month Horizontal range primary pattern -Measured move up to 57.31 -8 Day pennant with horizontal boundary completion on friday close -50SMA peeling away from 200SMA
30 basis points Will enter only with limit order to retain a favorable R/R
Note
Limit buy order @ 50.55 SL @ 49.60 TP @ 57.25
Note
Filled @ 50.20 on the open
Note
Correction, 50.02 fill
Note
Only 13.5 basis points of risk with that fill. If close is above Friday's high, will add another 16.5 basis points of risk
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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.