With the prevailing longing movement there is potential signal which is gonna prove buying trend - flag formation. It's good to notice that there is a good probability of false signal formation - breakout of bottom flag's line. In our opinion it shouldn't confuse traders. Enter the position only after top flag's line breakout. Also we see that recent correction...
With the formation of local and continuing long trend there are 2 potential buying signals: 1. Flag 2. Volume divergence Recommendation is to buy Entry point 33.00 (breakout of top flag's line) Stop-loss: less risky 30.00 (turning to this support level breaks long-vision) more risky 32.20 (-6 tics 32.26 current flag's low point) Target pirice 40.00 (according to...
On the chart wee see several signals for short movement based on price, graph and volumes (more detailed on the chart). Recommendation is to sell HAS Sell the breakout of 80.00 Stop-loss 82.00 (+10 tics 81.90 -> high price of upbar after diapazoning downbar) Take profit 74.00 (probable touch of inclined supporting level)
There are 3 strong longing signals gor entering the position: 1- double bottom (confirmed by the brealout of neck) 2-pennant with oncoming breakout 3-volumes during formation of double bottom support the idea of trend reversal. Buy 147.40-148.00 (the breakout of pennant's resistance level) Stop-loss 137.00 (7% of allowed risk; if it's possible move stop-loss to...
After formation of local longing trend there is third attepmt of the price to breakout the monthly (red bold) inclined line of resistance. Moreover there is a price gap whitch is a good long-signal. Also you can see inclined channel-flag with opportunity to be broken out. Recommendation is to buy. Entry point 4.00 (after proving breakout of the flag's bottom...