TAL uptrend breakout (Fibs and Ascending Triangle)
The Upper Orange lines are the 1.272 fib extension levels from previous high
The Upper Yellow lines are the 1.618 fib extension levels from all time highs
The Red lines are the ascending channel trend that the price action has been following during the current uptrend
The projected time frames of price targets are based on the previous time decay from Lows-to Highs-to Lows
The ascending triangle pattern is not charted but the low is $61 and breakout area is located at the indicated buy zones
Ascending triangle pattern = $81-$61= delta of 20
$81+20 = Price target of $101
The Upper Yellow lines are the 1.618 fib extension levels from all time highs
The Red lines are the ascending channel trend that the price action has been following during the current uptrend
The projected time frames of price targets are based on the previous time decay from Lows-to Highs-to Lows
The ascending triangle pattern is not charted but the low is $61 and breakout area is located at the indicated buy zones
Ascending triangle pattern = $81-$61= delta of 20
$81+20 = Price target of $101
Trade fechado manualmente
Sold 19 Feb 21 $90 call at confirmed lower high after price target of $88.75 was reached at $88.50Sold 19 Feb 21 $95 call at following lower high
Nota
Comment: There is still some significant supply above the 1.272 extension and the price action quickly equalized the supply/demand imbalance between $87.50 and $88.25 today. If price action cannot break above that $88.50 and hold there are 2 possible lower imbalances to be equalized from $83.75 to $86 and from $81 to $83.Nota
Nota
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.