1. Long term uptrend as per 200 DMA on day TF
2. Support at 38% of Fib; with double bottom formation which is sign of reversal
3. Accumulation for couple of weeks. this usually haapens when a big player wants to build their postion
4. Breakout from sideways with a conclusive canlde with higher volume
SL of merely 4%; entry above high of breakout candle; target - trail as per 9 EMA.
2. Support at 38% of Fib; with double bottom formation which is sign of reversal
3. Accumulation for couple of weeks. this usually haapens when a big player wants to build their postion
4. Breakout from sideways with a conclusive canlde with higher volume
SL of merely 4%; entry above high of breakout candle; target - trail as per 9 EMA.
Trade closed: stop reached
SL hit
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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.