Look the big picture of this weekly chart this chart show all the things I search in an Idea, one is the high volume accompanied with a big green weekly candle and a Big gap in the daily chart. (The weekly big green candle was a big overnight gap accompanied with a high volume)
look the daily chart:
https://www.tradingview.com/chart/VEIBUXco/
the other point here is the support tested twice one in February 2016 and again some weeks ago in November 2017 this is the double bottom plus the breakout of the resistance line with your respective pullback that is testing the past resistance line that now is the support
Keys: double bottom, overnight gap, pullback , resistance becomes support
That is all, what more can I say, Patience, and weekly charts :(
look the daily chart:
https://www.tradingview.com/chart/VEIBUXco/
the other point here is the support tested twice one in February 2016 and again some weeks ago in November 2017 this is the double bottom plus the breakout of the resistance line with your respective pullback that is testing the past resistance line that now is the support
Keys: double bottom, overnight gap, pullback , resistance becomes support
That is all, what more can I say, Patience, and weekly charts :(
Trade closed manually:
Not worked well this idea.
Traders handle your own stops based in your risk profiles
Traders handle your own stops based in your risk profiles