LVMH
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LVMH Bullish Scenario

Analysis :
  • Price Breakout our resistance First resistance Area wish become a support area,
  • Price beakout above a descending channel,
  • The breakout was followed with huge volume


Scenarios:

Buy :
  • Wait For breakout confirmation,
  • Wait for the price to bounce on the upper bound of descending channel,
  • Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Inside bar etc,
  • Initiate BUY order,
  • Targets are TP1 to TP3,
  • SL Under the support Area.



/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

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