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Zions Bancorporation N.A.
Long
Updated

ZION, 2024-06-27, LONG

67
Context:

  • Weekly - Support zone @ 40.65/38.74
  • Daily - Trend line break; Retracement back to Window
  • 1h - BOS; Body block as entry/stop range


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  • Main Target - Pivot high @ 46.15
  • Breakeven stop @ 42.92
  • 2/3s out @ 44.29 (Fin ext. 1.0, when 0.618 is near pivot, bump to 1.0)


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Expected RR (at full) 7.3
Note
Breakeven marker hit @ 42.90; Stops moved to breakeven.
Note
After the huge dip and recovery. Closed the 2/3s out on the break of the AM low (today) @43.30. Want to lock something considering the volatility of the prior days.

As an aside. The 1.0 Fib ext target may have been a bit of an over estimation, there was a good zone around 43.50 that would been a good candidate for the 2/3s out given those technicals.

Definitely did get lucky on this with the recovery, noted.
Trade closed: target reached
Main target hit on the gap open @ 46.15;
nowk
Multiple Time Frame AnalysisSupport and ResistanceswingtradingTrend Lines

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.
Multiple Time Frame AnalysisSupport and ResistanceswingtradingTrend Lines
nowk

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.