Resolution - 4 Hours Probable Fake Breakdown Reversal Alert. One can plan an entry at the current price, with a stop loss of around $11040. Target - Open (or trail with 50DEMA, since it has reclaimed it today)
Microsoft has been moving along 50 days EMA. It broke that support yesterday and is currently right back at it. Important for it to reclaim the 50 days EMA and move up along with it. On hourly charts, it has given a probable fake breakdown reversal alert . One can plan an entry at the current price ($210), with a stop loss at around $203. If the Uptrend...
The stock has given a fake breakdown reversal today. One can plan a pullback trade near 980-990 and keep a stop loss of 959.
reason behind closing all who understand price action/chart patterns knows what i am saying
DOWNSIDE Fakeout STRICTLY sell below 660 with 668 for 654-648
I did apply the same strategy on 1H chart. Those who followed would have made nice profit. If this strategy works on the 4H chart, the profits could be even better. Manage your trades well. Notes on the chart. Hit Like Trade Safe Thanks Bravetotrade