Long
CBS: weekly chart supports daily consolidation
Signals:
weekly double bottom
weekly consolidation-flag under inclined resistance (we forecast its breakout because double bottom hasn't played itself yet)
daily consolidation-flag
Buy 53.00 (breakout of daily flag's top line)
Stop-loss 51.10 (-2 tics flag's low)
Long-term target 64.00 (sizing+horizontal resistance)
weekly double bottom
weekly consolidation-flag under inclined resistance (we forecast its breakout because double bottom hasn't played itself yet)
daily consolidation-flag
Buy 53.00 (breakout of daily flag's top line)
Stop-loss 51.10 (-2 tics flag's low)
Long-term target 64.00 (sizing+horizontal resistance)
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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.