The price is near the resistance level for both Daily and Weekly timeframes.
Wait for the Breakout candle on a daily timeframe and then enter accordingly.
If the stock goes down without breaking the resistance then ignore it for a while.
Note: This idea is for education purpose only.
Wait for the Breakout candle on a daily timeframe and then enter accordingly.
If the stock goes down without breaking the resistance then ignore it for a while.
Note: This idea is for education purpose only.
Trade active:
The stock has retested the breakout today.
Plan for 1:1,1:2 swing trade based on the body of the triangle.
Note: Trade is possible only if tomorrow's daily candle closes above today's hammer candle formation
Plan for 1:1,1:2 swing trade based on the body of the triangle.
Note: Trade is possible only if tomorrow's daily candle closes above today's hammer candle formation
Comment:
1:1 Target Achieved