DISEven if the pattern is perfect from a technical point of view, sometimes the breakout is too violent creating an upward gap in which there are no longer the conditions to enter Long due to the distance from the entry point and the stop loss.
In this case Walt Disney Company, a company that we like from a fundamental point of view, broke the resistance level, and we didn't enter because there weren't the favorable conditions to be profitable in suitable times.
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fb.me/theswisstradingschool
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.