LATE IMPACT OF CRISIS ON LUXURY GIANT - HERMES - RMS - 30MNThe large uptrend line can be duplicated to see all other parallel levels where the market have found support/resistance.
The price have then been ranging horizontally, after having broken this large uptrend line.
Now it is time to consider the probability of seeing the market price fall a bit.
The break of the lower part of the rectangles will validate that probability.
In the other side, two natural upper resistance formed by the top of the two squares. Probability of pullback down from those points.
Any break of the square up or down will be a nice entry point.
Time to take profits for investor to reduce exposition and come back stronger after the probable share price fall.
RMS/N trade ideas
Hermes International SCA (RMS - France) - Impulse wave patternHermes International SCA (RMS - France) is impulse wave and moving up in 5th of internal 3rd of major 3rd wave up in 60 min time frame. It is in 5th wave of weekly time frame as shown in chart, which is also in extension. It is too strong and out-performing to CAC40 and in tremendous price pattern.
RMS FOR BUYthe market has broken the range with force and it is high vwap + an impressive volume so there is a probability of going higher.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.