2802 - 6 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
2802 trade ideas
Ajinomoto🌪Great H&S formation, wolves🔥
There was Head&Shoulders formation with clear breakout of support zone on Ajinomoto Co Inc. with ticker 2802.
Retest of the resistance zone has already started.
So follow the chart and look for the best price to enter.
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Feel free to leave comments✉️
And always remember: "we don't predict, we react".
Beautiful breakout higherAfter a strong impuls higher we have been in a corrective trend lower, and from a strong support area, we broke this important trendline higher. I am expecting further upside in the coming weeks.
I am long since 2220 with a tight stop at 2198. Targeting 2420 and 2620.
Buying dips in this stock should be a solid play in coming weeks.
Blessings to you all.