Short
OMXI10 - 6 months TRIPLE TOP
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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
As we can see on the weekly chart, we are at the top
of a strong uptrend. The pattern is also taking place
at the all time highs (violet dotted line) and it is
testing the 200 days EMA which would be breached
if a breakdown occurs. If prices go towards the
target, keep in mind that we may have to deal with
the previous level at 3090.00
Entry Point and Initial Stop Loss depends on your
Trading Plan Tactis and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"A pattern is NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colourful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these informations
is at your own risk.
════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
As we can see on the weekly chart, we are at the top
of a strong uptrend. The pattern is also taking place
at the all time highs (violet dotted line) and it is
testing the 200 days EMA which would be breached
if a breakdown occurs. If prices go towards the
target, keep in mind that we may have to deal with
the previous level at 3090.00
- Pattern Class: 🌕🌕🌕🌕🌑
- Target area: 2940.00
- Breakout area below: 3140.00
Entry Point and Initial Stop Loss depends on your
Trading Plan Tactis and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"A pattern is NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colourful candlesticks on a chart of your watchlist"
═════════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these informations
is at your own risk.
════════════════════════════════
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.