Use this a guide to develop your setup
Main Items we can see on the Daily Chart:
-Price has broken the Pennant Pattern
-We expect a continuation of the up movement towards the Bullish daily target
-Before setting orders, we will wait for a Throw-Back to the broken trendline or a support zone
-If that happens we will set our Orders Above the last motive wave and our Stop below the whole structure or below the Throw-Back. Our main target will be the one visible on the chart
Main Items we can see on the Daily Chart:
-Price has broken the Pennant Pattern
-We expect a continuation of the up movement towards the Bullish daily target
-Before setting orders, we will wait for a Throw-Back to the broken trendline or a support zone
-If that happens we will set our Orders Above the last motive wave and our Stop below the whole structure or below the Throw-Back. Our main target will be the one visible on the chart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.