Long
Bull trap an EMC2
SymTriangle was formed and broked and the price broke through the lower trend line.
Then Reversal candles showed up on big volume while Bollinger Bands were narrowing
If it breaks up - first next target will be near the highest point of the AscTriangle and then will vary on circumstances
The lowest point of reversal candles will act as support. Place 1-5% stop under support if it breaks down. Chances are 50/50 that it will touch major trend line.
Then Reversal candles showed up on big volume while Bollinger Bands were narrowing
If it breaks up - first next target will be near the highest point of the AscTriangle and then will vary on circumstances
The lowest point of reversal candles will act as support. Place 1-5% stop under support if it breaks down. Chances are 50/50 that it will touch major trend line.
Note
Trade closedTrade 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.