Chart pattern: Bull flag
Entry: 8014 (this would end the downtrend of the correction)
Stop: 6736
Target: 10985
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart is forming a bull flag with a nice corrective pattern. Target is the 1:1 Fibonacci extension of the former impuslive move. The price broke the downtrendline and the MACD is also delivering a buy-signal.
Entry: 8014 (this would end the downtrend of the correction)
Stop: 6736
Target: 10985
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart is forming a bull flag with a nice corrective pattern. Target is the 1:1 Fibonacci extension of the former impuslive move. The price broke the downtrendline and the MACD is also delivering a buy-signal.
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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.