After forming head and shoulder patterns, a breakout occurred. Is it a trap? lets find out.
The Price is trending above its 20-day moving average.
The good thing is that the price is still above the 200-day moving average.
The breakout candle has proper volume , so it can't be called a fake breakout
The Price is trending above its 20-day moving average.
The good thing is that the price is still above the 200-day moving average.
The breakout candle has proper volume , so it can't be called a fake breakout
Trade closed: target reached:
The target has been reached.
You can hold it further or close it according to your wish.
You can hold it further or close it according to your wish.