CNA Financial Corporation Long Swing-Monthly double bottom (black trendline) after a bull leg on a possible profit taking pullback right on 0.382 Fibonacci.
-Weekly double bottom right on the monthly double bottom that has been heavy traded implying shakeout(pink trendline).
-Weekly confirmation of double bottom with consequent bullish candles.
-Weekly flag like pattern that has just broken.
-Stop Loss below 0.382 Fibonacci that is the reference point.
-Take profit on 1 Fibonacci.
-3.07 r/r
CNA trade ideas
CNA - Inverted H&S Everywhere!Three patterns can be identified on chart with the most recent yet to experience the right shoulder, which is a bullish phase.
Price is currently within an up channel and looks to stay that way. Perhaps the right shoulder of this recent inverted H&S will break the channel.
The Value of CNA FINANCIAL CORP DailyHey guys, CNA FINANCIAL is in a bullish momentum with a water-carrying candle shape followed by a bearish leg and a return of traded buy volume. Looking at the TIMEFRAME M1 we notice a dash with a low volume traded it goes on the top of the comfort zone to test it. There is a good chance of breaking out the price with the momentum then then the zone to access another and go to the top that comes. With a check on the high of the bollinger but for the moment no buying conviction for a comeback on the handle.
Please LIKE & FOLLOW, thank you!