Well, many traders spotted the head and shoulder pattern, but it can be seen that stock didn't move much after the breakout but consolidated in a rising wedge for some days(which is generally a good sign).
Now, in the morning I was looking for an entry so after looking at the 1-hour time frame, I found a perfect triangle rising wedge pattern, so I was waiting for a 1-hour candle to close above the trend line. I took entry at 79 with half quantity and on the retest, I added my other half.
Entry, Target, and Stoploss are mentioned in the chart.
Thank you!
Now, in the morning I was looking for an entry so after looking at the 1-hour time frame, I found a perfect triangle rising wedge pattern, so I was waiting for a 1-hour candle to close above the trend line. I took entry at 79 with half quantity and on the retest, I added my other half.
Entry, Target, and Stoploss are mentioned in the chart.
Thank you!
Nota
Target 1 achieved.Trade fechado: objetivo atingido
Trade fechado: stop atingido
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.