So, let's analyze Glaxo Smith
On 1M TF it still look bullish as the resistance is getting tested to turn into support.
1W & 1D TF also show bullishness.
If it forms "W" on daily TF and then breaks out, it could potentially reverse from there.
Any candle close below (1900-1870) zone on weekly TF could mean that the stock has failed it's re-test.
Zones have been marked on the chart.
Disclaimer: Only for educational purpose.
On 1M TF it still look bullish as the resistance is getting tested to turn into support.
1W & 1D TF also show bullishness.
If it forms "W" on daily TF and then breaks out, it could potentially reverse from there.
Any candle close below (1900-1870) zone on weekly TF could mean that the stock has failed it's re-test.
Zones have been marked on the chart.
Disclaimer: Only for educational purpose.
Trade active:
The trade is active. Look at the candle at Daily time-frame and also checkout the breakout volume.
Trade active:
Weekly candle almost 13% up
Comment:
Checkout the chart now. About to hit the target