MOET HENNESSY LOUIS VUITTON $OTC:LVMHF - Mar. 13th, 2024MOET HENNESSY LOUIS VUITTON OTC:LVMHF MIL:1MC - Mar. 13th, 2024
BUY/LONG ZONE (GREEN): $939.75 - $1,000.00
DO NOT TRADE/DNT ZONE (WHITE): $896.00 - $939.75 (can be extended for $875.00 - $939.75)
SELL/SHORT ZONE (RED): $821.50 - $896.00 (can be shortened for $821.50 - $875.00)
Weekly: Bullish
Daily: Bullish
4H: Bullish
I labeled the end of the most recent bearish trend and the start of the current bullish trend. OTC:LVMHF price has remained strongly bullish for weeks and is pushing towards the $1,000.00 level and all time highs. For those who like to trade patterns/shapes, zooming out can show a large V-shape pattern on the weekly timeframe.
The DNT area goes for two levels as a safer bet and confirmation if price reverses. The DNT zone can be extended to be even safer down to the $875.00 level, which makes the bearish entries less risky.
As shown, the bearish entry is aggressive, but not necessarily somewhere I'd look to initially enter any shorts.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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