Cup and Handle Formation is in action. Trade with specified stop loss. Trail SL to ride the trend. Manage risk properly before taking trade.
A short trade can be taken with stop loss Formation of HH, HL Breakout of trendline/Falling Wedge Completion of Harmonic Pattern Trail stop loss
Trendline Breakout Formation of HH, HL in process Trade with Stop Loss (slightly below 134.5) Entry @ current price (138) or 137 TP levels as per fib levels Trail your stop loss
1- Series of HH, HL --> Bullish Trend; Dow Theory 2- Above Trendline Support 3- Every time it hits trendline support, it takes upside movement 4- Biased: Bullish Buy @ 160.8 SL @previous HL: 145.75 TP1 @ 180.5 TP2 @ 187.5
Trendline resistance breakout. (Confirmation of false breakdown) Setup is ready for long. 1- Series of HH, HL --> Bullish Trend; Dow Theory 2- Above Trendline Support 3- Every time it hits trendline support, it takes upside movement 4- Biased: Bullish Buy @ current level (164.4) Buy after retest of trendline (162), confirmation of HL Tight SL @ 153.25 or...
hello, here as it is shown on my chart the stock is into a critical area: if it is broken down targets are shown on the chart, otherwise if brokn up targets are also shown there, what you should do is keeping eyes on confirmation of volume importance. good luck