TRENT LTDLong
Good Setup of Dbl bottom; Fib and Accumulation Breakout
Updated
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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