DISCLAIMER: This is NOT a trade recommendation, but my observation. Please do your own analysis before entering any trade.
A potential reversal setup can be seen to be forming in olaelec.
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Points to consider:
1. 45 level is a level offering strong rejections of sellers.
2. Good buying seen in the 45-50 range.
3. A HH-HL formation before a breakout attempt of the neckline.
4. A reverse Head & Shoulders pattern can be seen
Keeping these points in mind, a trade can be executed as follows:
Entry CMP, SL 50, Exit 61.5, RR 2.8
Thank you
A potential reversal setup can be seen to be forming in olaelec.
----------------------------------------------------------------
Points to consider:
1. 45 level is a level offering strong rejections of sellers.
2. Good buying seen in the 45-50 range.
3. A HH-HL formation before a breakout attempt of the neckline.
4. A reverse Head & Shoulders pattern can be seen
Keeping these points in mind, a trade can be executed as follows:
Entry CMP, SL 50, Exit 61.5, RR 2.8
Thank you
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.