HZO ... W pattern on Hourly chart
Updated
8 Mar 2021
I see W pattern on hourly chart
volume registered high (see below)
if price closes above 51.60 (green line on the chart ) ,
it will go up further 5.50 dollar up .. That is the height of the W pattern
I see W pattern on hourly chart
volume registered high (see below)
if price closes above 51.60 (green line on the chart ) ,
it will go up further 5.50 dollar up .. That is the height of the W pattern
Note
It is on 200 MA on hourly chart .. That means it is bullish side ..W pattern , bottom edges are double bottom pattern ...
Note
correction:On the chart text box I said "That is the height of the W pattern"
Please read it as neck height ... which is the height from bottom edge to middle point of W
Trade closed: target reached
11 Mar 2021It reached the expected target 57$ this morning. If anyone followed the idea , close it near that price.
Pattern completed, trade closed
Note
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