Three possible patterns to watch out for that could give us a buy opportunity
1) Bullish pennant (blue)
How to trade:
We have a buy opportunity If resistance break
TP = $5.5
2) ABC correction to trend (orange)
How to trade:
We have a buy opportunity if we get a reversal candle near trend
TP1 = $3.55
TP2 = $4.45
3) Double bottom (red)
How to trade:
100 MA is catching up, Fib level near $3 mark
We have a buy opportunity if we get a reversal candle near the $3 mark
TP1 = $3.55
TP2 = $4.45
1) Bullish pennant (blue)
How to trade:
We have a buy opportunity If resistance break
TP = $5.5
2) ABC correction to trend (orange)
How to trade:
We have a buy opportunity if we get a reversal candle near trend
TP1 = $3.55
TP2 = $4.45
3) Double bottom (red)
How to trade:
100 MA is catching up, Fib level near $3 mark
We have a buy opportunity if we get a reversal candle near the $3 mark
TP1 = $3.55
TP2 = $4.45
Comment:
looks like it might break that bullish pennant (blue)
Trade active:
TP $5.6
Comment:
broke the pennant, looks like we go down more
Comment:
we might see a breakout soon
we might see a breakout soon
Comment:
broke out, retested and off we go!
broke out, retested and off we go!
Trade closed: target reached