Chart pattern: Bull flag
Entry: 27.91$ (this would end the secondary downtrend of the correction)
Stop: 25$
Target: 33$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: ~ 2:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci extension of the former impuslive move. Also, the decreasing volume during the consolidation confirms the overall bullish sentiment.
Entry: 27.91$ (this would end the secondary downtrend of the correction)
Stop: 25$
Target: 33$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: ~ 2:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci extension of the former impuslive move. Also, the decreasing volume during the consolidation confirms the overall bullish sentiment.
Note
New Entry: 26.65$Trade active
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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.