Chart pattern: Descending triangle
Entry: 19.50$-21$
Stop: 19.16$
Target: 23.20$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart formed a descending triangle and broke out of it. The sustainability of the break out is also confirmed by a high volume and a bullish MACD-crossover.
Entry: 19.50$-21$
Stop: 19.16$
Target: 23.20$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart formed a descending triangle and broke out of it. The sustainability of the break out is also confirmed by a high volume and a bullish MACD-crossover.
Trade active
Trade closed: stop reached
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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.