Bearish Butterfly in a Bearish Flag

Notes on the chart.

"Wish you all a very happy and prosperous new year"

Just trade safe and stay healthy.

Regards
Bravetotrade

Comentário:

Here's the bigger picture.

Comentário:

The stock pulled back the specified support zone as per expectations and is heading for the first Target 768.

Trade fechado: objetivo atingido:

Target 1 hit
Trailing stop for partial position will be 763.

Comentário:

Full profit will be booked at 790 and I ll look for short opportunity near this level.

Comentário:

Stock today made a high of 787.75, just 2 points short of my final target, and showed weakness which may be due to overall market. Although I ll consider shorting if and only if the PRZ is fully tested (which ll be a separate trade), yet I think the strongest legs of this upmove are done.

I ll close my remaining position tomorrow either at 780-781 in case of morning pullback, or below today's low 774.

Trade fechado manualmente:

Closed at 787