Breakout from a bullish consolidation
Updated
1. very strong upward movement
2. consolidation in the form of a pennant
3. breakout out of the chart formation
4. Rising volume at the breakout of the trend line.
2. consolidation in the form of a pennant
3. breakout out of the chart formation
4. Rising volume at the breakout of the trend line.
Trade active
Normally, the trade would have been closed at the SL. I only ever set a virtual SL and only close when the daily closing price is below my virtual SL. This would be the case here. However, I still let the trade run because I see the overall market as too exaggerated.Comment
the support line at € 100 was sustainably broken downwards. You can close with a loss of about 18%. Depends on which broker you use. However, I will let the position run because I think the company is strong with good key figures.
Trade closed manually
I close with 20% loss
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.