QBE displaying a nicely defined downward trend channel. Usually actively traded stonks of large outstanding issue display these characteristics which is the case with QBE.
A have entry orders placed at $9.65, which will indicate a breakout from the descending channel with stop loss orders at $9.00. If the breakout does not eventuate we might see a continuation of the downward trend lines.
Go easy on me, I am still learning TA. If you have any comments or things I missed, pleased let me know.
A have entry orders placed at $9.65, which will indicate a breakout from the descending channel with stop loss orders at $9.00. If the breakout does not eventuate we might see a continuation of the downward trend lines.
Go easy on me, I am still learning TA. If you have any comments or things I missed, pleased let me know.
Note
Trade has won
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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.