COA trade ideas
Asc triangle moving up, with prior track record UK stockAsc triangle moving up, with prior track record UK stock
height of triangle gives target, long term chart, confirmation given by UK FTSE also moving up, also European indices eg MIB moving up.
Reliable steady stock
Enter using limit orders on any pull backs to top of triangle
Stop out if price re enters triangle
Target trailing stop, take 85% at target, which becomes the new stop
Look to build position using multiple limit orders for entry on market down days, add if the pattern pauses making smaller time period patterns
Have fun!
potential H&S pattern on coats group.there could be forming a BIG H&S pattern on coats group.
I am shorting here with a close SL just above last High.
Ill take profit at the drawn support line and watch closely to re open a new short when that support gets broken, which IMO confirms the H&S pattern.