HZO ... W pattern on Hourly chart
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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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.