Long
Clear pattern to think about long setups
Today we will pay attention to ABMD.
Main items we can see:
a) The price has broken a Descending Trendline
b) Currently, the price is above a Relevant Area
c) We have a clear Flag Pattern; remember that Flat Patterns are considered continuation structures
d) We expect a bullish resolution towards TP1 and TP2
e) The resolution can take about 50 to 60 days
f) We will consider that the Analysis is Active if the price breaks above B
Main items we can see:
a) The price has broken a Descending Trendline
b) Currently, the price is above a Relevant Area
c) We have a clear Flag Pattern; remember that Flat Patterns are considered continuation structures
d) We expect a bullish resolution towards TP1 and TP2
e) The resolution can take about 50 to 60 days
f) We will consider that the Analysis is Active if the price breaks above B
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.