Chart pattern: Bull flag
Entry: 17.16$ (this would end the downtrend which is active since the 8th of April 2021)
Stop: 15.76$
Target: 20.92$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: Since the 8th of April 2021 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1.6 Fibonacci extension of the former impusliv move. Also the MACD can be used as a buy-signal as it was valid in the recent past.
Entry: 17.16$ (this would end the downtrend which is active since the 8th of April 2021)
Stop: 15.76$
Target: 20.92$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: Since the 8th of April 2021 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1.6 Fibonacci extension of the former impusliv move. Also the MACD can be used as a buy-signal as it was valid in the recent past.
Note
New entry: 16.05$Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.