CNI: Long OpportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the downtrend movement close.
PLEASE NOTE: Initial stop loss is set at 75.09 instead of 131.46 as shown in the diagram.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
NOTE: "IF DONE" analysis, when presented, refers to 80% of the recorded back tested past succeeded performances.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
CNI trade ideas
CNI Long despite bearish move downThe current break of the 50 day moving average is a retracement towards the 'C' leg. This represents a potential buying opportunity both in the short and long term.
The chart shows two ABCD movements up along the long-term trend. The main ABCD and a minor abcd forming within the main.