i like this configuration so much, it's one of my favorites. here we have a support level with a nice candlestick and volume, the market is bearish so the breakout on this support will be interesting with an impulse movement after the breakout. Nice & Simple & effective.
write me your thought about this trade on the comments and share it if you feel that it's...
very unique trade simple and effective, with a trend line and support & resistance level we can have a good approach on the market psychology, with the divergence on the volume the mathematical expectation of gain was so positive. very good trade
can be interesting to watch this breakout and wait a great signal to try a trade. a Powerful resistance above protect the trade with a great risk/reward ratio, great volume in the breakout candle. please write comments to discuss this Trade
i share with y my analysis about Dax 30, we are now in a key zone of Fibonacci the 50 % retracement, also we have a nice candlestick on the top of the pattern "ShootingStar", but what is so incredible about this trade is the risk/reward ratio = 192/82 = 2.37 so good. also the the mathematical expectation of gain is so positif above 80%. GOOD TRADE :)
